Nykaa Shares Fall 5% After ₹1,210 Cr Deal
Nykaa shares dropped nearly 5% after a ₹1,210 crore block deal involving early investor Harindarpal Singh Banga. The move sparked concerns over insider exits, despite the company’s strong Q4 showing with a threefold rise in profit and 25% growth in beauty sales. As Nykaa pushes into fast delivery and fashion, questions remain—passing cloud or early signs of change?