The increase in Nykaa share price came with strong volumes; Over 11 million shares had changed hands in the first 45 minutes of trade, more than 4 times the average trading volume in the last 10 days.
The futures market showed a 6.7% increase in open interest, mostly in long positions. The long build up was sharper in the first few minutes of trade, with the open interest showing a nearly 8% increase before cooling off a bit.
A simultaneous increase in share price and open interest indicates long build-up, or simply put, traders expect the stock price to rise.These are the top five stocks with the most increase in open interest, along with a rise in stock price
Investors are enthused by the shrinking losses in the fashion unit, which accounts for a little less than 8% of the total revenue. “We expect the company to see accelerated consolidated EBITDA margin improvement,” analysts at JM Financial said a day after the earnings. They rate the stock as a ‘buy’ with a target price of ₹260, 27% higher than the closing price on Tuesday (August 12).
Shares of Nykaa are down 4% in the last one month, and up 24% in the last six months.
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First Published: Aug 13, 2025 10:07 AM IS
