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Lenskart shares in focus as 2.3% equity worth Rs 1,960 crore changes hands in block deal
Lenskart shares were in focus today after Rs 1,960 cr block deal at Rs 490 per share. Meanwhile, Macquarie raised Lenskart's target price to Rs 600 per share.
Stocks to Watch Today: TVS Motor, Exide Industries, Meesho, Groww, Gujarat Themis, Glenmark Pharma, Hindalco, Eicher Motors, Divis Labs, NTPC in focus on 25 May
Stocks to Watch, 25 May: Stocks like NTPC, Hindalco Industries, Eicher Motors, Torrent Pharmaceuticals, Colgate Palmolive India, Divis Laboratories, Tata Capital, Lenskart Solutions, LG Electronics, Meesho, ICICI Prudential AMC, and Billionbrains Garage Ventures Groww will be in focus on May 28.
Lenskart stock gains over 1% as CLSA initiates with 'outperform' rating, bullish on store expansion-led growth
CLSA said Lenskart has established itself as India's leading eyewear brand with a strong presence across both urban and mass-market segments. The brokerage expects the company's ongoing store expansion strategy to drive profitability.
Lenskart block deal: 3.25% equity stake sold for Rs 2,873 crore in large trades; stock falls
According to exchange data, 5.65 crore shares of Lenskart changed hands at Rs 508.50 apiece in the block deal window. The transaction represented about 3.25 percent of the company's equity.
Fidelity, Goldman Sachs, IMF, Quant MF, WhiteOak Capital among investors buy Rs 2,873 crore worth of Lenskart shares from Softbank
Goldman Sachs Bank Europe was the largest buyer amongst investors, acquiring 1.37 crore Lenskart Solutions shares for Rs 701.47 crore. This follows Societe Generale - ODI which bought 1.37 crore shares for Rs 698.44 crore.
Stocks to Watch Today: Lenskart Solutions, Meesho, Vascon Engineers, Zee Entertainment, PPAP Automotive in focus on 11 June
Stocks to Watch, 11 Jun: Stocks like Lenskart Solutions, Vascon Engineers, Zee Entertainment Enterprises, Deccan Gold Mines, PPAP Automotive, Power Grid Corporation of India, Meesho, Sapphire Foods India, CMR Green Technologies, UHM Vacation, and Vahh Chemicals will be in focus on June 11.
Lenskart block deal size raised to Rs 5,650 cr; investors may sell shares at Rs 470 apiece as IPO lock-in ends
The proposed block deals sale in Lenskart stock is said to involve up to 7 crore shares. Investors likely to participate in the block deal include Birdseye View Holding, TR Capital Mauritius, ABG Capital and Kariba Holdings.
Lenskart shares fall 2 percent after Rs 5,316-crore block deal; over 6% equity changes hands
The block deal comes after Lenskart’s lock-in expiry made a substantial portion of the company’s equity eligible for trading. According to reports, several existing investors were looking to pare holdings.
Buzzing Stocks: Aditya Birla Lifestyle, MGL decline after Q4 results; Lenskart Solutions slips on block deal
Shares of Mahanagar Gas (MGL) declined 2 percent after posting weaker sequential Q4 earnings, with net profit declining 35.4% QoQ to Rs 130 crore from Rs 201 crore. Revenue also slipped marginally by 0.4% QoQ to Rs 2,052 crore from Rs 2,060 crore.
Why Lenskart’s profitability story is becoming stronger with scale
Premium products, store productivity, and manufacturing integration continue to support margin scalability
ADIA sells 2.3% stake in Lenskart for Rs 1,960 crore to 19 investors including Morgan Stanley, Goldman Sachs, SBI MF
Lenskart Solutions Block Deals: Kotak Mahindra Asset Management was the largest buyer, picking up 1.27 crore shares (0.7 percent stake) for Rs 626 crore.
Stocks to Watch Today: Dabur India, Sagility, GNG Electronics, Lenskart Solutions, Hexagon Nutrition, GenXAI Analytics, Vedanta in focus on 12 June
Stocks to Watch, 12 Jun: Stocks like Dabur India, Vedanta, State Bank of India, JK Paper, Sagility, Lenskart Solutions, GNG Electronics, Vintage Coffee and Beverages, Hexagon Nutrition, and GenXAI Analytics will be in focus on June 12.