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Shares of Nykaa were trading about 2 per cent down at Rs 126 on Wednesday. The stock is down about 51 per cent from its adjusted 52-week high at Rs 257.66 on June 1, 2022.
Topping the chart is Radhakishan Damani, promoter of Avenue Supermarts that runs and operates retail format stores D-Mart. At the end of March, Damani's cumulative holding was worth Rs1.53 trillion
Nykaa said its revenue from operation jumped 33.74 per cent YoY to Rs 1,301.72 crore compared with Rs 973.32 crore in the same quarter last year.
Mumbai: FSN E-Commerce Ventures, the company that operates beauty and personal care startup Nykaa, reported a decline in profits of more than 70 percent year-on-year in the fourth quarter of the financial year 2022-23, according to regulatory filings on Wednesday.
Based on the OI percentage, 60 stocks were on the short-covering list. These included Alkem Laboratories, IndusInd Bank, United Breweries, Dr Lal PathLabs and Aarti Industries.