Nykaa shares up 60% YTD, near resistance but momentum strong
Nykaa shares have been on a winning streak, rising over 10% in the past month and over 60% year-to-date. The beauty and fashion retailer stock, which has gained nearly 132% in two years, continues to trade below its IPO price but is now approaching key resistance levels, with analysts seeing room for further upside if the current momentum sustains.