Technology

Nykaa’s market cap surpasses that of Zomato, Paytm


New Delhi: FSN E-Commerce, which runs saw its market capitalisation go past that of online food-delivery platform and digital payments major on BSE.

The market cap of the cosmetics-to-fashion ecommerce player hit Rs 1.19 lakh crore, while Zomato and Paytm had a market cap of Rs 1.18 lakh crore and 1.12 lakh crore, respectively, during the day.

Shares of FSN E-Commerce Ventures was up 5.22% at Rs 2,523.80 at 1 PM on Friday on BSE.

Shares of Zomato were down 6.04% at Rs 150.65 in intraday trade after opening at Rs 157.55 apiece.

Ahead of the results, Paytm’s shares dropped as much as 7.7% in early Mumbai trading on Friday. While the stock had jumped about 32% over the last three days, it is still well below its IPO issue price of Rs 2,150 as investors continue to raise questions on its longer-term prospects.

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