&w=3840&q=100)
Nykaa shares slide 5% after multiple large trades; check likely seller here
The E-commerce firm's stock fell as much as 4.77 per cent during the day to ₹201.5 per share, the steepest intraday fall since June 2 this year. The stock pared some losses to trade 4.1 per cent lower at ₹202.5 apiece, compared to a 0.23 per cent advance in Nifty 50 as of 9:45 AM.
Shares of the company are up over 5 per cent from its recent lows of ₹192, which it hit last month, and have recovered over 25 per cent from April lows. The counter has risen 24 per cent this year, compared to a 7.6 per cent advance in the benchmark Nifty 50. FSN E-commerce has a total market capitalisation of ₹57,980.34 crore, according to BSE data. Track LIVE Stock Market Updates Here
Nykaa block deal
The shares took a plunge after about 65.3 million shares, or a 2.3 per cent stake, changed hands in three block trades during market opening, according to Bloomberg. The buyers and sellers were not known immediately.
However, the news agency earlier reported that Harindarpal Singh Banga and Indra Banga are offering to raise up to ₹1,200 crore via a sale of shares. The floor price for the transaction was set at ₹200 per share, a discount of ₹11 compared with Wednesday's close on NSE. Goldman Sachs and JP Morgan are managing the deal, the report added.
Harindarpal Singh Banga had about 4.97 per cent stake in the company as of the March 2025 quarter, according to BSE data.
The stock of Nykaa was the most-traded stock by volume and value, according to Bloomberg. It was the worst performer on the S&P BSE 500, Nifty Midcap 100 indexes. The trading volume was above 7.8 times the three-month full-day average.
Nykaa Q4 results
The online beauty retailer released its Q4 results on Friday, after market hours. In its fourth quarter ended March 31, 2025, the company reported a 193 per cent rise in consolidated net profit at ₹20.28 crore for Q4FY25, compared to ₹6.93 crore in the year-ago period.
Its revenue from operations also jumped 23.6 per cent year-on-year (Y-o-Y) to ₹2,062 crore in Q4FY25, from ₹1,668 crore in Q4FY24.
Nykaa's earnings before interest, taxes, depreciation, and amortisation (Ebitda) for the quarter expanded 43 per cent YoY to ₹133 crore. The company's gross merchandise value (GMV) also increased 27 per cent YoY to ₹4,102 crore in Q4FY25.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)
Business Standard
31 minutes ago
- Business Standard
CreditAccess Grameen surges 9%, stock nears 52-week high; here's why
CreditAccess Grameen share price Shares of CreditAccess Grameen surged 9 per cent to ₹1,355 on the BSE in Friday's intra-day trade amid heavy volumes after the company's business momentum improved, coupled with stabilizing asset quality in the June 2025 quarter (Q1FY26). With today's rally, the stock price of CreditAccess Grameen has recovered 81 per cent from its 52-week low of ₹750.05 touched on January 27, 2025. It had hit a 52-week high of ₹1,369.25 on July 4, 2024. At 10:14 AM; the stock was trading 7 per cent higher at ₹1,329.60, as compared to 0.01 per cent rise in the BSE Sensex. The average trading volumes at the counter jumped nearly 10-fold, with a combined 3.82 million shares changing hands on the NSE and BSE. CreditAccess Grameen Q1FY26 update CreditAccess Grameen has reported a marginal 0.4 per cent quarter-on-quarter (QoQ) rise in gross loan portfolio (GLP) to ₹26,055 crore in the June 2025 quarter (Q1FY26), reflecting modest growth post write-offs of ₹693 crore. The microfinance institutions (MFI) had posted GLP of ₹25,948 crore in Q4FY25. Karnataka GLP increased slightly to ₹8,104 crore (vs. ₹8,068 crore in Q4), while other states' GLP rose to ₹17,951 crore (vs. ₹17,879 crore). Portfolio at Risk metrics showed improvement: overall PAR 0+ declined to 5.9 per cent (vs. 6.9 per cent in Q4), with PAR 0+ excluding Karnataka dropping to 4.4 per cent (vs. 6.1 per cent). The company added ~2 lakh new borrowers during the quarter supporting continued business momentum. CreditAccess Grameen said the Q1FY26 sets a new benchmark, driven by highest first quarter disbursement and strong business momentum. The company delivered a healthy QoQ growth of 3.1 per cent (pre write-off basis) while fully adhering with MFIN Guardrails. Considering the evolving business environment, the management in May month said that they are aiming for asset under management (AUM) growth of 14-18 per cent of which MFI growth will be 8-12 per cent and the balance from retail finance, NIM of 12.6-12.8 per cent, credit cost of 5.5-6.0 per cent, ROA of 2.9-3.4 per cent and ROE of 11.8-13.3 per cent in FY26. Brokerages view on CreditAccess Grameen Improving asset quality and gradual stabilization in performance post accelerated write-offs; sustained improvement in collection efficiency indicates gradual recovery. However, higher exposure in Karnataka amid concerns on collections remains watchful, ICICI Securities said in a note. A trend reversal is on the horizon in the MFI sector and is expected to play out over the next couple of quarters, with the sector likely nearing normalization by H2FY26. That said, Motilal Oswal Financial Services strongly believes that the upcoming three months present an opportunity to separate high-quality franchises from weaker ones, with performance divergence across the MFI sector expected to be increasingly evident. Backed by a strong capital position (Tier-1 of ~24 per cent), CreditAccess Grameen is well-placed to embark on a healthy loan growth trajectory as delinquency trends show further signs of normalization. CreditAccess Grameen trades at 2.0x FY27E P/BV, and its premium valuation over MFI peers is likely to sustain, driven by stronger confidence in its ability to return to normalcy ahead of its peers, the brokerage firm said. About CreditAccess Grameen CreditAccess Grameen is a leading Indian microfinance institution headquartered in Bengaluru, focused on providing micro-loans to women customers predominantly in rural areas across India. The company is now operating across 423 districts in 16 states and one union territory (Puducherry) through 2,063 branches. The company's promoter is CreditAccess India B.V., a multinational company specializing in micro and small enterprise financing. It is backed by institutional investors and has a micro-lending experience in India of more than a decade.
&w=3840&q=100)
Business Standard
32 minutes ago
- Business Standard
Nuvama, Angle One, BSE slide up to 7% after Sebi ban on Jane Street
Shares of India's capital market stocks took a hit on Friday after the market regulator barred US-based quant firm Jane Street from accessing the domestic securities market for allegedly manipulating the markets. To be sure, the direct impact was felt by Jane Street's local trading partner, Nuvama Wealth Management Ltd., whose shares plunged as much as 6.7 per cent, the worst since May 5 this year. Other stocks that saw a sentimental impact were BSE and Angel One, although different triggers also impacted the stocks. BSE's counter fell as much as 6.1 per cent, while Angel One's scrip plunged 7.3 per cent on Friday. Shares of listed depository CDSL fell over 2 per cent during the session. Sebi bans Jane Street after alleged illegal gain The Securities and Exchange Board of India barred Jane Street from accessing the domestic securities market for allegedly manipulating the markets. In an interim order, Sebi has also directed the high-frequency trading outfit to disgorge ₹4,844 crore made 'unlawfully'. Jane Street's modus operandi included building aggressive positions in the options segment and then influencing the price in the underlying stock market, where volumes tend to be relatively low, according to Sebi. The Sebi investigation found that Jane Street accounted for a significant portion of the net buying in the 12 Bank Nifty component stocks and their futures. The 'burst of buying' was intended to influence the price of these securities, which in turn allowed the firm to put on significantly larger and profitable positions in the highly liquid index options segment. As per the Sebi order, between January 2023 and March 2025, Jane Street earned ₹44,358 crore in options, lost ₹7,208 crore in stock futures, lost ₹191 crore in index futures, and another ₹288 crore in cash, pocketing an overall gain of ₹36,671 crore during this period. Angel One F&O option premium turnover falls Angel One reported a year-on-year decline in its futures and options (F&O) segment based on option premium turnover for the quarter ended June 2025 (Q1 FY26). The F&O option premium turnover fell 17.8 per cent to ₹13,500 crore, compared to ₹16,400 crore in the same period last year (Q1 FY25). The decline highlights moderation in the derivatives volumes after Sebi's action to curb retail frenzy. However, overall option premium turnover, which includes all segments, rose 40.0 per cent year-on-year (Y-o-Y) to ₹1,048 crore, reflecting increased interest in non-F&O segments and broader market hedging. Angel One also saw a notable slowdown in trading activity during the June 2025 quarter (Q1 FY26), as key operational metrics declined year-on-year. The total number of orders executed on the platform fell 25.8 per cent to 343.11 million, while the average daily orders dropped 27.0 per cent to 5.62 million. Additionally, gross client acquisition declined sharply by 40 per cent Y-o-Y, with the company adding 1.45 million new clients during the quarter.
&w=3840&q=100)
Business Standard
32 minutes ago
- Business Standard
Cryogenic OGS IPO Day 2 update; subscription rises 28x, GMP at 47%
Cryogenic OGS IPO Day 2 subscription status: The initial public offering (IPO) measurement and filtration equipment maker Cryogenic OGS has entered the second day of public subscription and has received a solid response from investors so far. The issue has been fully subscribed with bids for 75.57 million shares against 2.7 million shares on offer, reflecting a subscription rate of 27.93, according to BSE data as of 5 PM, Thursday, July 3. Cryogenic OGS IPO grey market premium (GMP) The current GMP of Cryogenic OGS shares indicate a bumper listing for the IPO. According to sources tracking unofficial markets, the unlisted shares of Cryogenic OGS were trading at ₹69, a premium of ₹22 or 46.8 per cent against the upper price band of ₹47. Cryogenic OGS IPO details Cryogenic OGS aims to raise ₹17.77 crore through a fresh issue of 3.78 million equity shares and no offer for sale (OFS). The SME issue will close for public subscription on Monday, July 7. The basis of allotment of shares is likely to be finalised on Tuesday, July 8. Cryogenic OGS IPO will be listed on the BSE SME platform tentatively on Thursday, July 10. The company has set the price band in the range of ₹44 to ₹47, with a lot size of 3,000. A retail investor would need a minimum investment amount of ₹2,82,000 to bid for at least two lots at the upper price band. However, a high net-worth individual (HNI) can bid for a minimum of three lots for ₹423,000. MUFG Intime India, formerly Link Intime, is the registrar of the issue. Beeline Capital Advisors is the sole book-running lead manager. According to the red herring prospectus (RHP), the company intends to use the net fresh issue proceeds to meet working capital requirements and general corporate purposes. About Cryogenic OGS Incorporated in September 1997, Cryogenic OGS provides measurement and filtration equipment and systems by fabrication and assembling for various sectors like oil, gas, chemicals and allied fluid industry. The company operates a production facility in Vadodara, Gujarat. The company offer diversified products and comprehensive solutions including design, process engineering and manufacturing including fabrication, assembly and testing facilities. Cryogenic's major products include Basket Strainers, Air Eliminators, Prover Tanks, Additive Dosing Skid and Tank Wagon Loading Skid.
