New Delhi, Dec. 19 -- Shareholders of FSN E-Commerce Ventures, the parent of Indian beauty retailer Nykaa, seem to be rejoicing at the stellar performance the stock has shown in 2025 - marking a stark reversal from the pain it had seen in recent years.

Though the shares began the year on a tepid note, they gradually picked up pace and also closed the last nine months in positive territory, marking the biggest one-way surge since 2021, even as the broader market remained under sharp volatility.

From a trading price of Rs.158 apiece in March, the stock jumped Rs.267 to the November close, translating into a massive surge of 69%. This unbreakable run-up not only removed the 'underperformer' tag from Nykaa but also positioned it among the t...