ilmscore | Prediction Details
"I had read that even Reliance is going to enter this space number one that can be a big competition I also have Nica in my portfolio by the way I'm also in losses number two problem is that uh the uh what do we call that anchor holding period is going to end for Nika I remember reading this in the month of November only let me just quickly see if I can get that uh that is going to end on 10th of November so I think watching the stock price movement on 10th of November around that a day or two around that is going to be really interesting in that if we see a a lot of people who would want to sell off it might take the stock again to lower levels so saikiran I I will tell you a simple logic behind this okay if you have limited funds and if you believe that okay there is another stock with better fundamentals and which you feel that can take your portfolio to a higher level with limited funds then it makes sense booking losses in one stock moving those funds to another fundamentally strong stock and trying to make some money out there right uh so if you don't have the patience to wait for a longer time if you have comparatively limited funds I think at one point in time booking losses and moving on definitely makes sense right it Nika might see a little bit tough road ahead is what I feel even my money stuck uh IPO money but comparatively a smaller amount so I'm not really so much bothered about that"
By CA Rachana Phadke Ranade | October 27, 2022 | Pending
From video
NIFTY at All Time High Soon? | CA Rachana Ranade 00:21:51 - 00:23:36
Interpreted Prediction
Nykaa's stock may face downward pressure around November 10th due to the end of the anchor investor lock-in period and potential competition from Reliance entering the space. Booking losses and reallocating funds to fundamentally stronger stocks might be advisable for those with limited funds or patience.

Prediction Details

Ticker
NYKAA

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