- On Friday, Nykaa’s stock increased 19.3% to reach its highest level in a month.
- With the increase, Nykaa became one of the top performers on the S&P BSE Consumer Discretionary Index, building on Thursday’s closing gains of 6.5%.
- The corporation made a move to time the bonus share issue with the end of the lock-in period, which coincides with the stock price increase.
Nykaa shares increase by about 20% to reach their highest level in a month.
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