New Delhi, Oct. 10 -- FSN E-Commerce Ventures, the parent of Indian beauty retailer Nykaa, saw its shares surge 10.60% this week, marking the biggest weekly jump in 14 months, on expectations of another strong September-quarter performance and signs of revival in its fashion business.

The surge is part of a continued rise in Nykaa, with the stock closing the last six months in the green and the momentum further extending into October, gaining another 14.12% so far.

The rally has also lifted the stock's year-to-date return to 62%. If the stock maintains these levels in the coming months, it would mark its biggest yearly gain since listing in November 2021.

The company, which released its September quarter business update earlier this we...