SOURCE : NEW18 NEWS
Last Updated:May 14, 2025, 13:24 IST
Shares of FSN E-Commerce Ventures, the parent company of fashion and beauty platform Nykaa, rose as much as 3.2%
Nykaa Share Price
Nykaa Share Price Today: Shares of FSN E-Commerce Ventures, the parent company of fashion and beauty platform Nykaa, rose as much as 3.2% to Rs 203.8 on the BSE on Wednesday. The rally came after global index provider MSCI announced the inclusion of the stock in its MSCI Global Standard Index as part of its latest semi-annual index review.
The inclusion is expected to trigger passive inflows of approximately $199 million, according to estimates from Nuvama Alternative & Quantitative Research. This development marks a significant milestone for Nykaa, which has shown improving investor sentiment in recent months.
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Nykaa was one of two Indian stocks added to the MSCI Global Standard Index. The other was Coromandel International, which is projected to see even larger inflows of around $252 million. However, in contrast to Nykaa’s rise, shares of Coromandel International declined by over 4% during the same trading session. MSCI confirmed that no deletions were made from the index in this review, and the changes will take effect after the market closes on May 30, 2025.
MSCI also made several changes to its domestic indices. In the MSCI India Domestic Index, Coromandel International and GMR Airports were added, while Sona BLW Precision Forgings was removed. The MSCI India Domestic Smallcap Index saw broader adjustments, with 12 additions and 21 deletions. Notable additions included Acme Solar Holdings, Authum Investment, AWL Agri Business, and Godrej Agrovet, while companies like Aarti Drugs, Allcargo Logistics, and Godrej Industries were among those removed.
Nykaa’s stock has shown strong technical performance leading up to the announcement. It has gained nearly 20% over the past year, including a 12% rise in the last month and more than 4% in the past week. The stock is currently trading above all eight key simple moving averages, including the 100-day, 150-day, and 200-day SMAs—often seen as indicators of bullish momentum.
The 14-day Relative Strength Index (RSI) for Nykaa stands at 64.1. While this suggests continued strength in the stock, it also signals that it is approaching the overbought threshold of 70. Investors may want to exercise some caution as the RSI moves closer to that level.
- First Published:
May 14, 2025, 13:24 IST
