Nykaa Share Price prediction 2022, 2023, 2024

By Abhijit JHa

Oct, 05 2022

Nykaa Share Price prediction: Indian online beauty and wellness retailer Nykaa was listed on the stock exchanges on November 10, 2021.

Analysts are bullish on Nykaa's prospects and believe that the company's share price could continue to rise in the future.

They cite Nykaa's strong market position, robust growth prospects, and favourable demographics as critical reasons for their optimism.

Nykaa's share price has been on a steady rise since its IPO in 2021, and the company is now worth over $7 billion.

Given the company's strong performance and current growth trajectory, we believe that Nykaa's share price will continue to rise in the future.

We think that Nykaa's share price will continue to rise in the coming years, making it a sound investment for long-term growth.

In 2023, Nykaa's share price is expected to reach Rs. 2,500. This would give the company a market capitalization of Rs. 1 lakh crore.

In 2024, Nykaa's share price is expected to reach Rs. 3,000. This would give the company a market capitalization of Rs. 1.2 lakh crore.

Why Nykaa's share price will continue to rise Steady growth in sales and profits Strong brand equity Favourable industry tailwinds