JM Financial raises Nykaa’s target price to Rs 250 on growth prospects and profitability improvements

August 29, 2024

JM Financial has reiterated its ‘Buy’ rating on Nykaa, raising the target price to Rs 250, reflecting a 15% upside from the previous day’s Rs 217 closing price. The upgrade is driven by Nykaa’s strong FY24 performance and strategic market positioning.

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