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Quote on Nykaa made a bumper listing today By Mr. Rahul Sharma, Equity99
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Below is quote on Nykaa made a bumper listing today by Mr. Rahul Sharma, Co- Founder, Equity99.
Nykaa made a bumper listing today with shares listing at more than 80% premium. It is among the rare lucrative new edge businesses furthermore it is a high-growth company and into the right business where it may remain to grow in double digits for many years. We are bullish on this counter and see it as a good bet for the long term. Investors might book some quantity considering the bumper listing premium and keep remaining shares for the long term. Anyone who wishes to enter fresh shall wait for little declines near 1900-1850 levels. Stop Loss - 1650 & TGT – 2600
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