Never-ending pain? Nykaa shares tumble over 5% to hit fresh all-time low
Nykaa is trading below all its major moving averages, and we are facing massive selling pressure there. Unless the stock crosses Rs 142-143 levels, we can see further downside in this stock below Rs 120 levels. So if anyone is holding the stock, Rs 130 has to be at stop loss below which, we could see deeper cuts in this counter,” said Sudeep Shah, SBI Securities
