Motilal Oswal says the stock trades at over 30 per cent discount (on an FY23E basis) to its five-year average core P/E, and maintains a buy on the stock with a target of Rs 1,150/share.

Astha Jain, Senior Research Analyst, Hem Securities, said the investors should not think of making any fresh investment in Nykaa at this point of time.

Technology has led this bull market -- be it Infosys, Tata Elxsi -- that is one theme that has played out and that is a big change. Billions of dollars have been poured in globally and in India and the stock market winners are still to be announced. We do not really have the pure plays but I believe that should emerge in the next year or so."

The stock quoted a 52-week high of Rs 754.1 and a 52-week low of Rs 364.7.

The Relative Strength Index of the stock stood at 35.53 on Wednesday.

Revenue from operations of the company during the quarter under review grew by 60.65 per cent to Rs 2,888.69 crore, compared to Rs 1,798.05 crore in the same period of the previous fiscal.

Promoters held 74.36 per cent stake in the company as of 30-Sep-2021, while FII and DII ownership stood at 17.0 per cent and 2.35 per cent, respectively.

Indraprastha Gas Ltd. key Products/Revenue Segments include Gas Natural and Other Operating Revenue for the year ending 31-Mar-2021.

The funding tussle with Pulmatrix Inc was regarding the development of Pulmazole, an asthma medication that is currently under development.

JK Lakshmi Cement Ltd., incorporated in the year 1938, is a Mid Cap company (having a market cap of Rs 7719.16 Crore) operating in Cement sector.