Nykaa Share Price: There is good news for the shareholders of FSN E-Commerce Ventures, the company that owns the beauty and wellness brand Nykaa brand. The company is about to consider giving bonus to its shareholders. The company has said in a regulatory filing to the stock exchanges that the company’s board meeting will be held on October 3, 2022, in which it will be approved to give bonus shares to investors.
what is bonus share
Bonus Shares Additional shares are issued to existing shareholders without any payment. Shares are allotted in proportion to the number of shares held by the shareholders. However, after giving bonus shares to the shareholders, the share price also decreases.
increased revenue of the company
Nykaa’s revenue jumped 41 per cent in the April-June quarter of 2022-23 and stood at Rs 1148.22 crore as against Rs 816.99 crore in the same quarter of the previous financial year. At the same time, the company’s profit increased by 42 percent to Rs 5 crore.
Share disappointed
On Wednesday, Nykaa’s stock closed at Rs 1278, down 0.84 percent. Let us tell you that Nykaa was listed in the stock market in November 2021 last year. Then the stock created panic with a great listing. The company’s promoter Falguni Nayar had come into the limelight. Nykaa’s share of Rs 1125 had reached Rs 2573. However, later the stock came down drastically due to profit-booking. At present, the stock is trading 50 percent below its high. Although the stock is trading above the IPO price.
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