💄 Nykaa – Bouncing Back with Strength

🔹 Technicals: Stock closed at ₹241.3 (+3.8%) with 4.7M volume, showing fresh buying interest. Price rebounded sharply from the support zone near ₹223–225. Resistance ahead: ₹246 → ₹258 → ₹266. RSI at 58.5 (rising), indicating improving momentum. Support: ₹236 Stop-Loss: ₹223 (closing basis). 🔹 Fundamentals: Nykaa is India’s leading beauty & fashion e-commerce platform, with strong brand recall. Focus on expansion into fashion, personal care, and physical retail stores. Q1 FY26 results showed solid revenue growth backed by higher order volumes and premium beauty segment demand. Profitability improving due to better cost control and increasing scale, though valuations remain rich compared to peers. Strong structural tailwind: growing Indian online beauty & fashion market. 🎯 View: The rebound above ₹236 suggests positive momentum. Sustaining above ₹246 can open the path towards ₹258–266 in the near term.