ICICI Securities Remains a Buy on FSN E-Commerce Ventures Ltd. (NYKAA)
ICICI Securities analyst Abhisek Banerjee maintained a Buy rating on FSN E-Commerce Ventures Ltd. (NYKAA – Research Report) yesterday and set a price target of INR230.00. The company's shares closed yesterday at INR209.86.
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According to TipRanks, Banerjee is an analyst with an average return of -3.4% and a 33.33% success rate.
In addition to ICICI Securities, 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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