Nykaa shares hit 52-week high before profit-taking
In short
Nykaa shares hit a 52-week high and then slipped back as investors booked profits. BusinessLine said the company reported Q2FY27 revenue of ₹3,006 crore, up 28% year-on-year.
The share move suggests the market liked the numbers but took some gains off the table.
What the reporting says
Nykaa shares hit a 52-week high and then retreated as profit-taking set in, even though the company reported a strong Q2FY27 update. BusinessLine’s summary says Nykaa posted revenue of ₹3,006 crore, up 28% year-on-year.
Why it matters
Nykaa’s stock moved sharply after a strong Q2FY27 revenue update, with BusinessLine reporting revenue of ₹3,006 crore, up 28% year-on-year. The share price first touched a 52-week high and then eased as profit-taking emerged.