Relevant for Exams
Motilal Oswal initiates 'Neutral' on Nykaa; Nykaa holds 27% online BPC market share.
Summary
Motilal Oswal initiated a 'Neutral' rating on Nykaa with a target price of Rs 280. While specific stock ratings are generally not relevant for competitive exams, the article highlights Nykaa's significant 27% share in India's online beauty and personal care market. This market share data could be a peripheral general awareness point, but the primary news is of minimal exam significance.
Key Points
- 1Motilal Oswal, a brokerage firm, initiated coverage on Nykaa.
- 2The rating assigned to Nykaa by Motilal Oswal is 'Neutral'.
- 3The target price set for Nykaa by the brokerage is Rs 280.
- 4This target price implies a 10.3% upside from the previous closing price.
- 5Nykaa holds approximately a 27% share of India’s online beauty and personal care market.
Full Article
Motilal Oswal has initiated coverage on Nykaa with a ‘Neutral’ rating and a target price of Rs 280, implying a 10.3% upside from the previous close. The brokerage cited Nykaa’s strong position in the beauty and personal care segment, where it holds about a 27% share of India’s online market.