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Stocks To Watch Today: IEX, Hero MotoCorp, HCLTech, BHEL, Lenskart, ONGC
Stocks In News On Thursday.
SoftBank sells Rs 2,873 crore worth of Lenskart shares in block deal to Goldman Sachs and other investors
Lenskart Solutions saw a major stake sale as SoftBank offloaded shares worth about Rs 2,873 crore through a block deal. The transaction drew strong institutional interest, while analysts remain positive on Lenskart's growth prospects, technology-led model and expanding international footprint.
Block Deals: Over 25 crore shares of these two stocks see large trades worth nearly ₹5,000 crore
At the end of the March quarter, promoter entities held 17.55% stake in Lenskart Solutions, while public shareholders held 62.29%. Promoters of GMR Airports held 66.33% stake in GMR Airports, while public shareholding was at 33.67%, as per data available on the stock exchanges.
Groww, Lenskart, 9 other stocks among Motilal’s non-Nifty ideas. Check full list
Motilal Oswal has revealed its top non-Nifty stock picks. The brokerage anticipates robust earnings growth for these companies. Key names include ICICI Prudential AMC, TVS Motor, and Dixon Technologies. Delhivery shows the highest projected earnings expansion. Investors can explore these opportunities for potential gains.
Stocks to Buy: CLSA expects eyewear maker to cross levels of ₹600 despite valuation chatter
CLSA described Lenskart as a leading eyewear brand in India that is well-positioned to cater to the country's affluent urban consumers as well as emerging middle-income cohorts, while continuing to offer affordable products for the mass market.
Sensex Today | Stock Market LIVE Updates: GIFT Nifty extends losses to 200 points; Lenskart in focus
Sensex Today | Stock Market LIVE Updates: The bulls may take comfort from the fact that all recent selling has seen a reversal around this 23,250 - 23,350 range. A break of that level risks further downside for the index. Same is the case with the Nifty Bank, which had another 1,000-point range trading day on Monday.
BofA sees structural growth opportunity in Lenskart; initiates with 'Buy'
According to analysts Aditya Mathur, Pritesh Sonar and Arashi Nishizawa, Lenskart's scalable and integrated operating model-underpinned by technology-differentiates it from peers
Lenskart is a 'structural compounder' according to Elara, who sees stock beyond ₹600
Elara Capital said Lenskart has built one of the country's most differentiated retail models through a full-stack eyewear ecosystem that combines manufacturing, retail, technology, and consumer engagement.
Lenskart to become eyewear industry's Tanishq? Elara makes big prediction
Elara Capital initiated coverage on Lenskart with a Buy rating and a target price of Rs 615, implying a 22% upside. The brokerage called the eyewear company a structural compounder with a strong competitive moat and a differentiated full-stack business model. Analysts believe Lenskart is well placed to replicate the growth journey of Titan’s jewellery business and emerge as a category leader in eyewear.
Stock picks for today: Kotak Securities bets on Lenskart, Shriram Finance
Stocks to buy today: Shrikant Chouhan of Kotak Securities has suggested adding Lenskart and Shriram Finance shares; here's why
FTSE index rejig: Tata Capital, Lenskart, Groww, among six stocks to be included in global indices - Mint
FTSE index rejig: Tata Capital, Lenskart, Groww, among six stocks to be included in global indicesMint
FTSE index rejig: Tata Capital, Lenskart, Groww, Meesho among additions to global indices
The additions are expected to draw interest from passive global funds and exchange-traded funds benchmarked to FTSE indices.