Nykaa’s shares soar on Q2 results; Should you buy, hold or sell the stock-
The stock price of FSN E-Commerce Ventures, the operator of online beauty and fashion retailer Nykaa soared over 5% to Rs 154.8 a day after the company posted a profit of Rs 7.80 crore during the second quarter of FY24, up 50.3% in comparison to Rs 5.19 crore during the corresponding quarter of last year. It posted revenue from operations at Rs 1507.02 crore, up 22.4 per cent as against Rs 1230.83 crore during the second quarter of FY23. This, the company said, was despite the festive season witnessing a delay this year, moving into October versus commencing in September last year.
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Nykaa’s share price gained 6.35% in the last five days, nearly 2% in the last one month and …
Oil India shares strain following Q2 Results; Should you buy, hold or sell the stock-
The share price of State-run explorer Oil India tanked 4.28% to Rs 297.30 a day after the company reported a drop of 80% in the second quarter of FY24 as the company set aside Rs 2,363 crore for an ongoing litigation. The company’s profit for Q2FY24 fell to Rs 325 crore compared to Rs 1,721 crore. Oil India took on charges related to an ongoing litigation over a service tax demand raised in the states of Assam, Arunachal Pradesh and Rajasthan, reported Reuters.
Oil India’s share price dropped 0.10% in the last five days and 2.65% in the last one month, while it gained 20% in the six months and a whopping 41.06% year to date.
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