Nykaa Share: After hitting a 52-week low of 162.50 In the Thursday session, FSN E-Commerce Ventures Ltd continues to attract interest by FIIs. The latest FII to invest in this fashion stock is Morgan Stanley. one in bulk deal Executed on November 11, 2022, Morgan Stanley Asia (Singapore) has purchased 8,213,050 Nykaa shares, paying 186.40 each. This means, Morgan Stanley Asia (Singapore) has bought shares of Nykaa 1,53,09,12,520 or 153 crores. In other words we can say that Morgan Stanley Asia (Singapore) has invested in 153 crore in FSN E-Commerce Ventures Ltd.
On 10 November 2022, Norway’s Norges Bank bought 3,981,350 Nykaa shares on account of the Government Petroleum Fund. 173.35 per share price. This means that Norges Bank has invested 69,01,67,022.5 or 69 crores. On 10 November 2022, another FII, Aberdeen Standard Asia Focus Plc, made a payment and bought 4,272,334 Nykaa shares. 173.18 each. This means that Aberdeen Standard Asia Focus Plc has invested 73,98,82,802.12 or around 74 crores. This means that in the last two days, three FIIs of high repute have bought shares of Nykaa 290 crores.
nykaa bonus share 2022
Nykaa’s shares are one of the bonus shares in November 2022 as the board of the fashion company has declared bonus shares in the ratio of 5:1. Nykaa has fixed November 11, 2022 as the record date for issue of bonus shares. Nykaa had announced bonus shares in the ratio of 5:1 in October 2022, setting the record date as November 3, 2022. But later, the company revised its bonus share record date to 11 November 2022. Expired on 10 November 2022, the day the stock traded ex-bonus on Indian exchanges.
Nykaa Share Price: Should You Buy?
When asked about Nykaa share price outlook, Pravesh Gaur, Senior Technical Analyst, Swastik Investmart said, “The stock has formed a piercing line candlestick pattern and a double bottom formation on the daily chart, confirming a bottom formation in the stock. Used to be. It is trading above its all-important moving averages with higher highs and higher lows. on the upside, 240 is the immediate horizontal resistance; Above this, we can expect 280+ levels in near term. On the downside, a group of moving averages formed a base around 185.”
Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.
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