FSN E-Commerce Ventures Ltd. (NYKAA) Gets a Buy from Ambit Holdings
In a report released yesterday, Videesha Sheth from Ambit Holdings maintained a Buy rating on FSN E-Commerce Ventures Ltd. (NYKAA – Research Report), with a price target of INR236.00. The company's shares closed yesterday at INR209.86.
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In addition to Ambit Holdings, FSN E-Commerce Ventures Ltd. also received a Buy from Morgan Stanley's Sheela Rathi in a report issued yesterday. However, on the same day, Macquarie maintained a Sell rating on FSN E-Commerce Ventures Ltd. (NSE: NYKAA).
Based on FSN E-Commerce Ventures Ltd.'s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of INR22.67 billion and a net profit of INR261.2 million. In comparison, last year the company earned a revenue of INR17.89 billion and had a net profit of INR161.86 million
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