LENSKART
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Nomura Initiates Lenskart Buy, Sees 40% Upside Ahead
Nomura has initiated coverage on Lenskart with a Buy rating and a target price implying a 40% upside from current levels, calling the eyewear retailer a 'generational stock' with its growth journey just beginning. The stock rose 3% ahead of the MSCI rejig, reflecting positive investor sentiment. This bullish call comes despite Lenskart's recent outperformance, suggesting the brokerage sees sustained long-term growth potential.
Lenskart shares jump 7% to record high on 182% profit surge
Lenskart shares surged nearly 7% to a fresh 52-week high, crossing ₹600 for the first time, after reporting a strong Q1 with adjusted PAT soaring 240% YoY and a 182% profit surge. Analysts are bullish on margin growth, and the rally is also fueled by MSCI inclusion buzz. The stock's record performance contrasts sharply with Grasim's decline in the same session.
Lenskart shares jump 7% as brokerages raise targets after Q1
The company’s revenue from operations rose 33.6% YoY to Rs 2,214 crore during the quarter, while earnings before interest, taxes, depreciation and amortization (EBITDA) increased 61.3% YoY to Rs 589 crore. The eyecare services provider said growth was broad-based, with revenue from India rising 30.7% YoY and international revenue increasing 38%. See full list Consolidated product margin crossed the 70% mark for the first time, reaching 70.3% in Q1 FY27 compared with 68.7% a year earlier.
Alpha Wave sells 3 crore Lenskart shares in Rs 1,857-crore block deal
Alpha Wave has exited its stake in Lenskart through a Rs 1,857-crore block deal, selling nearly 3 crore shares. Major institutional buyers include Goldman Sachs, Morgan Stanley, ICICI Prudential, SBI Mutual Fund, and NPS Trust, indicating strong demand for the eyewear company's stock.
Alpha Wave sells Rs 1,313 crore Lenskart stake as shares fall 3%
Alpha Wave Ventures has sold a 1.2% stake in Lenskart Solutions via a block deal worth Rs 1,313 crore, with total equity worth Rs 1,857 crore changing hands. The stock fell 3% following the transaction, which was part of a broader market buzz involving other major stocks. The deal has drawn attention to Lenskart's valuation and investor sentiment.
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