Another brokerage firm, Edelweiss, has also maintained its buy rating on Nykaa but has trimmed its target price to Rs 1,743 from Rs 1,859 earlier, baking in a higher cost of capital and stiff competition as the key risks for the valuations.
Why Digant Haria sees little chance of a runaway rally before elections in 2024
“Buying and selling is probably happening in the same sectors. We are not selling real estate stocks and going into chemicals or going into the