Nykaa shares profit booking from 52-week high post Q1 earnings

Nykaa is a company that sells makeup and clothes in India.

It recently told everyone how much money it made in the first three months of its financial year.

The company earned much more money than it did last year.

Its sales went up by 29 percent compared with the same time a year ago.

Its profit margin was the best it has been in twelve quarters.

Because the results were strong, many investors sold their shares to lock in gains.

That made the share price fall back from its highest level in 52 weeks.

Money experts at different firms shared their opinions on the share price.

Two firms think the shares can still go higher, while one firm thinks they are too expensive.