New Delhi, Oct. 8 -- FSN E-Commerce Ventures, the parent of Indian beauty products retailer Nykaa, has been on a tear recently following the release of its September quarter business update, indicating a sustained growth in 1HFY26.

The shares touched a 40-month high following the release of the update on Monday, gaining 11% so far in the current month to reach Rs.257.40 apiece.

This surge reflects a resurgence in Nykaa shares over recent months, driven by bullish investor sentiment following the company's improving financials, strategic acquisitions, new brand tie-ups, and steady demand for makeup and skincare products, which have helped the stock close higher over the past six months.

The recent rally has also pushed the stock to gain...