Lenskart Shares Slip 2% As Analysts Issue Cautious 'Hold' Rating

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AuthorAarav Shah|Published at:
Lenskart Shares Slip 2% As Analysts Issue Cautious 'Hold' Rating
Overview

Lenskart Solutions shares dropped almost 2% today, mainly due to profit booking and overall market weakness. This comes after Antique Stockbroking started coverage with a 'hold' rating, acknowledging good growth potential but also noting current valuations. The company had a shaky stock market debut last November.

Lenskart Solutions ke shares Monday ko lagbhag 2% gir gaye, profit booking aur market pressure ki wajah se. Yeh tab hua jab Antique Stockbroking ne 'hold' rating ke saath coverage shuru ki, jismein strong growth potential ko current valuations ke saamne rakha gaya. Company ka stock market debut last November kamzor raha tha. Antique Stockbroking ne Lenskart ki rapid scaling aur improving profitability ko maana, saath hi kaha ki India ke eyewear market ka sirf 24% organised hai, jo growth ke liye badi opportunity hai. Brokerage ne company ke tech-driven approach aur centralised supply chain ko bhi saraha. Antique, Lenskart ke liye medium term mein lagbhag 25% CAGR revenue growth predict karta hai. Lekin, report ne warn kiya ki current market valuations is anticipated growth ko fully price in kar chuke hain, jisse immediate upside limited lagta hai. Lenskart Solutions ka November mein stock market debut kamzor tha, IPO price se lagbhag 3% neeche list hua. IPO 28.26 times subscribe hua tha. Listing ke baad company ki market cap Rs 67,660 crore ke aas-paas thi.

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