New Delhi, June 30 -- Shares of FSN E-Commerce Ventures, the parent company of beauty and fashion platform Nykaa, have seen a steady upward trend in recent months. With a nearly 70 percent surge over the last two years and a 19 percent gain in the past 12 months, the stock is now hovering just 9 percent below its 52-week high of Rs.229.90, last seen in August 2024.

Recent product launches, improving financials, and optimistic guidance have piqued investor interest-leaving one big question: can the rally sustain?

Nykaa's stock closed at Rs.209.85 recently, marking a 2.3 percent gain for June-its fourth consecutive monthly advance. It rose 4.5 percent in May, 8.5 percent in April, and surged 12.8 percent in March. This consistent climb fo...