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ā¢ Nykaa stock has risen around 12 percent so far in 2023, slightly outperforming the benchmark Nifty 50.
ā¢ The company's net profit jumped 50 percent in Q2 FY24, and its total gross merchandise value increased 25 percent YoY.
ā¢ Nykaa may be a good investment at the right price, but there may be a period of consolidation as the company's financials catch up to its valuation.