📌 Nykaa (CMP ₹237.7, +2.23%) – Technical & Fundamental View

🔹 Technicals: Nykaa continues its uptrend, trading close to the upper end of the rising channel near ₹240–₹245. RSI ~70 signals strong momentum, nearing overbought levels. Supports are placed at ₹230 / ₹224 / ₹212. A breakout above ₹245 could open room for ₹255–₹265, while profit booking may emerge near current levels. 🔹 Fundamentals: Nykaa (FSN E-Commerce) is a leading beauty & lifestyle retailer, steadily expanding into fashion and wellness. Revenue growth has been healthy, aided by strong online traction and retail expansion. Margins are improving with scale, though profitability remains moderate due to heavy competition and investments in growth. The company enjoys a strong brand recall and leadership in beauty e-commerce. 🔹 Analyst Ratings: Brokerages maintain a “Hold to Accumulate” stance, with near-term targets of ₹250–₹270. Long-term outlook remains positive, backed by market leadership, omni-channel expansion, and steady margin recovery. 🔹 Risks: High competition from global & local e-commerce players Margin pressure due to aggressive discounting Slower discretionary spending in a weak macro environment 💡 Outlook: Nykaa remains in a strong technical uptrend with improving fundamentals. Sustaining above ₹245 could push it toward ₹255–₹270, while traders should keep SL at ₹224. Investors may hold with a long-term positive bias.