The stock of Nykaa has halved in the past twelve months.
Nykaa is, of course, not the only stock bearing the brunt of investor agony.
Zomato is down nearly 55%.
Paytm is down almost 65%.
Info Edge has corrected 40% from 52-week highs.
But did the stocks deserve the lofty valuations in the first place?
Tanushree Banerjee (Research Analyst), is the editor of Stock Select and Forever Stocks. Tanushree started her career at Equitymaster covering the banking and financial sector stocks and scrutinising RBI policies. Over the last decade, she developed Equitymaster's research processes that helped us pick out various multibaggers, across all sectors. A firm believer of "safety first" when it comes to investing, Tanushree closely follows the investing philosophies of Warren Buffett, Jeremy Grantham, and Joel Greenblatt.
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1 Responses to "Is Nykaa a Falling Knife?"
L t Col RATNARAO Gangu
Nov 25, 2022Yes. It looks that