Mumbai: Businessman Harindarpal Singh Banga and wife Indra Banga are likely to sell a 1.4% stake worth Rs 809 crore on Friday through block deals. According to the term sheet issued by the bankers, the Bangas plan to sell 4.09 crore shares at a floor price of Rs 198 apiece, which represents a 5.9% discount … Read more
A host of important triggers are likely to have an impact on Titan Company, FSN E-Commerce Ventures, Dabur India and Gravita India. After Q2 updates, Morgan Stanley took an Equal Weight stance on Titan while Nomura maintained a neutral view on the Lifestyle-focused consumer technologies platforms FSN which operates Nykaa. Macquarie has a ‘Neutral’ stance … Read more
Shares of FSN E-Commerce Ventures, which operates online beauty and fashion retailer Nykaa, fell over 11% to the day’s low of Rs 130.10 on the NSE on Monday after a clutch of brokerages spelt out growth headwinds in their post earnings review of the stock. BofA, which has taken a neutral view on the counter, … Read more
Domestic indices extended their rally on Tuesday with Sensex closing at a record high for the fourth straight session. Sensex sailed past 65,500 and Nifty crossed the 19,400 mark during the day. Stocks that were in focus include names like Nykaa, which was down 2%, Eicher Motors, which declined 6% and IDFC First Bank, whose … Read more
Global brokerage firm HSBC maintained a buy rating on VRL Logistics, Macquarie retained an underperform rating on Nykaa, Antique initiated a buy recommendation on Titagarh Wagons and Citigroup has a buy rating on MGL. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: HSBC on VRL Logistics: Buy| … Read more
Brokerage firm Morgan Stanley maintained its overweight rating on JSW Steel, SBI, Sun Pharma, and Nykaa. The brokerage also initiated an equal-weight rating on Eicher Motors. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Morgan Stanley on JSW Steel: Overweight| Target Rs 580Morgan Stanley maintained an overweight … Read more
Brokerage firm Goldman Sachs remained neutral on Nykaa, Macquarie maintained a neutral rating on Reliance Industries, Jefferies has a buy rating on Delhivery, CLSA maintained a buy rating on Hindalco, and UBS resumed a sell rating on Tata Motors. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: … Read more
NEW DELHI: Shares of beauty and fashion e-tailer FSN E-Commerce Ventures, which runs , on Tuesday lost up to 5% to hit day’s low at Rs 142.05 after investors were left disappointed with its December quarter growth. Analysts say Nykaa’s revenue growth of 33% YoY in Q3 was lower than expectations. The miss is being … Read more
Strong sales growth in both beauty and personal care products and fashion business is expected to have helped e-retailer FSN E-Commerce Ventures put up a good show for the quarter ended December. Analysts expect the company to report a 29-40% year-on-year (YoY) growth in consolidated revenue from Rs 1,098 crore. Net profit is likely to … Read more
Morgan Stanley Asia (Singapore) Pte and Societe Generale purchased a stake in beauty e-retailing entity Nykaa today, showed BSE block deal data. Morgan Stanley Asia (Singapore) Pte bought 82,13,050 shares or 1.7% stake in the company at an average traded price of Rs 186.4. At the same price, Societe Generale also bought 26,30,000 shares, equivalent … Read more