Nykaa soars 11% after board approves 5:1 bonus share

Nykaa company had declared bonus share to their shareholders on 3rd november 2022

After this news share price of company increased by 11% to 1412 on monday

It is declared that 5 bonus share will be given to holders for every one share

On 28 september board meeting as held in Nykaa for decide bonus share scheme

stock has hit lifetime high with 2574 on november 26,2021

company had raised Rs 5300 crore through IPO with issue price of 1125 per share.

nykaa deals in business of manufacturing, selling and distribution of beauty.

Nykaa has underperformed the market falling in indian market

Nykaa believes that its success due to customer understanding and service