Nykaa shares extend rally on strong Q2 updates
Shares of FSN E-Commerce Ventures (Nykaa) extended their rally for the second consecutive session after the company projected mid-20s growth in consolidated net revenue for the September quarter. Analysts remain upbeat on the momentum, with Orchid Research highlighting a strong breakout pattern and expecting continued upside through the festive and wedding season, barring a breakdown below ₹226.