Page 26 - Commerce Ventures News Today : Breaking News, Live Updates & Top Stories | Vimarsana

In the April-June quarter (Q1) of 2023-24 (FY24), growth in sales of FSN E-Commerce Ventures (the parent company of Nykaa) decelerated to 24 per cent year-on-year (Y-o-Y), and 9 per cent quarter-on-quarter (Q-o-Q), compared with 34 per cent in the previous quarter, due to a decline in the beauty & personal care (BPC) and fashion division's gross merchandise value (GMV). But Nykaa claimed it gained market share in both divisions. The earnings before interest, taxes, depreciation, and amortisation (Ebitda) margin of 5.2 per cent expanded 120 basis points (bps) from a year earlier.

As per the shareholding data available with the exchanges, a 52.28% stake in the firm is held by the promoter and promoter group, while the rest lies with the public as of June 30, 2023.

The stock market showcased significant movements as several stocks rose above their 100-day Simple Moving Average (SMA) on August 24, a pivotal technical indicator

Foreign institutional investors (FII) sold shares worth Rs 1,510.86 crore, while domestic institutional investors (DII) offloaded Rs 313.97 crore worth of stocks on August 17, provisional data from the National Stock Exchange (NSE) showed.

Escorts Kubota, Punjab National Bank, IDFC First Bank, Bandhan Bank and Federal Bank were among the 26 stocks to see a long build-up. An increase in open interest and price indicate a build-up of long positions