Nykaa crosses Rs 1 Lakh crore market cap on listing day

Online beauty retailer Nykaa crossed the market capitalization of Rs 1 lakh crore during its market debut today.

The market cap of Nykaa breached the Rs 1 lakh crore mark for a while after the stellar listing of the company on BSE and NSE.

The share hit an intraday high of Rs 2,129 on BSE, rising 89.24% compared to the issue price. Later, the stock saw some profit booking, leading to market cap dipping below Rs 1 lakh crore.