Early birds free to book multibagger returns in Nykaa from today: Should you envy?

While the supply glut as a result of the lock-in expiry may affect prices in the near term, bulls see this dip as a great accumulation opportunity for the long term. Among global brokerages, HSBC has a target price of Rs 2,170 on the stock, Morgan Stanley Rs 1,889, Nomura Rs 1,365, BofA Rs 1,555 and Bernstein Rs 1,547.