Nykaa share price jumps nearly 11% this week, largest gain in 14 months. What's driving the rally?

Nykaa share price jumps nearly 11% this week, largest gain in 14 months. What's driving the rally?

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.