Nykaa Hits 3-Year High After Strong Q2 Update | Technical Breakout in Play

stock soared to a 3-year high of ₹261 (as of 12:25 PM on 7 Oct 2025), continuing its upward momentum after a sharp 6.48% rally on 6 Oct. This move came on the back of a strong Q2FY26 business update shared in its regulatory filing on Sunday, where the company reported accelerated growth momentum. It expects consolidated net revenue growth in the mid-20% range, supported by an early festive season boost. This fundamental strength triggered a breakout from a bullish flag pattern on the daily chart, backed by strong volumes. Today’s follow-through buying confirms the pattern and reflects growing investor confidence. Technically, Nykaa had formed a rounding bottom pattern with key resistance at ₹230. The stock successfully broke above this level and is now trading firmly above its 50, 100, and 200-day SMAs — a strong bullish signal. With a favorable technical setup and improving fundamentals, Nykaa appears to have entered a fresh uptrend. Maintaining momentum above ₹250 could open further upside in the near term. 📌 Disclaimer: This content is for information only and not investment advice. Investments in securities market are subject to market risks. Read all the related documents carefully before investing. Please consult a SEBI-registered advisor before making any investment decisions.