It’s interesting to note that inspite of FED rate hikes, and miscellaneous badly potent global news, Nykaa hasn’t made fresh lows.
Possibly, because the ones wanting a fast exit already have exited, now there aren’t very many “fast fingers” onboard.
Now on, what the stock price does will depend squarely on GMV growth. And growth, post Covid is highly likely to be good. It has been good for most other consumer facing enterprises.
I have decided to keep adding every quarter, as I see it’s uptrend much like Dmart’s: consistently up, while looking expensive the whole time.
I, however, will be wary of averaging it down.
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