Nykaa’s parent company, FSN E-Commerce Ventures, experienced a nearly 5% share price drop despite reporting a significant 193% surge in net profit for the March quarter. While the core beauty segment remains robust, concerns linger regarding slow fashion growth and margin pressures. Brokerages hold divided opinions due to high valuations and increasing competition, with some assigning ‘underperform’ or ‘sell’ ratings.
No longer magnificent? How Apple, Microsoft and other Mag 7 stocks are crumbling under AI pressure
The Magnificent Seven are underperforming as investors question whether massive AI spending will generate adequate returns. With $2.3 trillion erased in June, markets are shifting
July 2, 2026