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

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

[{"selector":"#anim-e3bbbcb9-366b-4c04-9cfd-e1cb7408c265 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

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

[{"selector":"#anim-61289b9e-214d-41f6-a33e-beee67eb3717 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

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

[{"selector":"#anim-d65c16c1-33ee-4baf-8e3c-d554a7b1bb3b [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

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

[{"selector":"#anim-40d93242-dfd3-4501-a958-a29d29a68a6c [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

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

[{"selector":"#anim-8358b946-559e-4648-a89c-44ea74ba88de [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

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

[{"selector":"#anim-76d3b9ef-7d2c-43e2-8eeb-579b8257fab3 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

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

[{"selector":"#anim-89a197d8-fcec-4e0c-b258-c67af782c17b [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

Nykaa has underperformed the market falling in indian market

[{"selector":"#anim-f17f4f92-1bae-4a7b-aaa3-b7629d8321ec [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

Nykaa believes that its success due to customer understanding and service

[{"selector":"#anim-85ad1490-c004-41d1-bf3e-c7d48da10c94 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]