India, Oct. 5 -- Shares of Nykaa surged as much as 6.1% to hit an intraday high of Rs.342.95 apiece on the BSE after the beauty and fashion ecommerce major flagged strong business momentum in its Q2 FY27 update.

At 10:40 IST, the stock was trading 4.4% higher at Rs.337.55 apiece as investors booked some profits. At the current price, Nykaa's market capitalisation stood at Rs.96,684.2 Cr (about $10 Bn)

The rally came after Nykaa, in an exchange filing, said its consolidated gross merchandise value (GMV) growth is expected to be in the high twenties in Q2 FY27, while net sales value (NSV) growth is expected to be in the early thirties.

The company expects its consolidated net revenue to grow in the late twenties in Q2 FY27, with both its...