Nykaa’s stock price has slipped 7% in the last five trading sessions and 71% since its listing
The selloff has come a day after Nykaa onboarded 50 new senior executives for big-ticket positions such as CTO and CFO
Nykaa shares closed at INR 116.9 on the BSE on April 25
Beauty ecommerce platform Nykaa on Tuesday (April 25) fell to an all-time low of INR 115.5, during the intraday trade, on the BSE.
The stock resorted to a record downward spiral barely a day after Nykaa onboarded 50 new senior executives for big-ticket positions such as CTO and CFO.