The 64% rally in Nykaa shares crowns the country the internet leader, but do rich valuations justify the risk-reward ratio?

Shares of FSN E-Commerce Ventures have staged a sharp comeback, rising 64% over the past year to emerge as the top performer in the internet space amid signs of an operational turnaround. However, Nykaa’s parent company’s valuations raise concerns about whether the current price offers a favorable risk-reward proposition and whether the stock has enough […]