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Nykaa shares tumble 2%; Macquarie sees 23% downside in stock

Nykaa’s share price were down 2 percent on Monday. Brokerage firm Macquarie has initiated coverage on the stock with an ‘underperform’ rating at a target price of Rs 115 per share, implying a downside of 23 percent from current levels. Macquarie’s target price for Nykaa is the lowest among brokerages covering the stock.

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​ Nykaa’s share price were down 2 percent on Monday. Brokerage firm Macquarie has initiated coverage on the stock with an ‘underperform’ rating at a target price of Rs 115 per share, implying a downside of 23 percent from current levels. Macquarie’s target price for Nykaa is the lowest among brokerages covering the stock. Nykaa’s share price were down 2 percent on Monday. Brokerage firm Macquarie has initiated coverage on the stock with an ‘underperform’ rating at a target price of Rs 115 per share, implying a downside of 23 percent from current levels. Macquarie’s target price for Nykaa is the lowest among brokerages covering the stock.  Moneycontrol Latest News Read More  

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