Nykaa bonus shares 2022 Stock jumps 10%

Nykaa share price jumped 10.8% in BSE intraday trade to Rs 1411.80 per share in early trade on Monday.

Shares of e-commerce beauty company Fsn E-Commerce Ventures (Nykaa) are seeing a strong rally on 3 November.

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On November 3, Nykaa's stock has gained 11 per cent to reach a price of Rs 1412, before the stock closed at Rs 1272 on Friday.

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In fact, the board of the company has announced bonus shares in the ratio of 5:1.

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After this, the sentiment regarding the stock has improved, currently the stock is trading at its highest level since August 19.

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The board of Nykaa has announced bonus shares in the ratio of 5:1.

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The Company has set November 3, 2022 as the record date for the purpose of determining the eligible members for Bonus Equity Shares.

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Last week, on September 28, Nykaa said its board would first meet on October 3 to consider the bonus issue.

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