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.
Domestic Institutional Investors are showing strong confidence in Indian stocks. They invested nearly Rs 2.94 lakh crore by early June 2025.
Promoter pledged shares were reduced by 0.9 percentage point, from 17.8% in Q3 to 16.9% in Q4 FY25.
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