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CLSA has an outperform rating on M&M with the target price raised to Rs 4,702. Analysts said the company remains a revenue market leader in utility vehicles. With a strong launch pipeline, its superior execution capability and improving profitability, expect M&M to deliver 20% earnings before interest, taxes, depreciation and amortisation (EBITDA) compounded annual growth…
Jefferies has initiated its coverage of Groww with a buy recommendation and a target price of Rs 180. Analysts said Groww is the largest broker in India in terms of active clients, despite starting the business in FY21. They believe Groww has several levers to drive 35% compounded annual growth rate (CAGR) of its earnings…
Citigroup maintained its buy rating on Maruti Suzuki with the target price hiked to Rs 19,000 from Rs 18,900 earlier. Analysts said they were making minor changes to their estimates for the company’s numbers to account for the recent strength in volume growth. They increased the volume growth for Maruti for FY26 to FY28 by…
Newly listed eyewear retailer Lenskart reported a strong first quarter as a public company, with operating revenue rising 21% year-on-year to Rs 2,096 crore for July–September. Improved operating leverage also pushed net profit up 20% to Rs 103 crore, while Ebitda climbed 44% to Rs 414 crore from Rs 287 crore a year earlier. India…
MUMBAI: Tech-driven eyewear solutions company Lenskart listed on the bourses on Monday at 3% discount to its IPO price of Rs 402 but closed the session at Rs 403.3, marginally above its offer price. In the run-up to the IPO, there were concerns that the company’s stocks were being sold at a very high valuation,…
On its first day of trading on the stock market, Lenskart’s failed to match the excitement that had built around its IPO in recent weeks.On Monday, the stock listed at Rs 390 on the NSE, entering 3% lower than the issue price of Rs 402. For a company widely regarded as one of India’s most…
Lenskart Solutions entered the Dalal Street on Monday, making a muted debut. After listing, the eyewear giant will be available for trading on both benchmark indices, NSE and BSE.The Lenskart Solutions share listed at Rs 390 on the BSE, offering a discount of 3% on its IPO price, after closing one of the year’s most…
The Rs 7,278 crore public offering, amongst 2025’s major consumer sector listings, attracted bids exceeding Rs 1 lakh crore. (AI image) Lenskart IPO: Ahead of its listing on the stock exhchanges, Lenskart’s grey market premium (GMP) has crashed by a huge 70%, making investors wonder whether the stock will list at any substantial gains.The Rs…
Lenskart Solutions’ Rs 7,278 crore initial public offering (IPO) witnessed robust investor interest, with the issue being subscribed 28.2 times when it closed on November 4.The eyewear major received bids for 281.9 crore shares against 9.97 crore shares on offer.The basis of allotment will be finalised on November 6, and investors can check their allotment…
MUMBAI: Dalal Street on Tuesday was witness to a fight for investors’ money in two high-profile IPOs, together aiming to raise nearly Rs 14,000 crore. It was the last day of bidding for the Rs 7,278-crore Lenskart IPO and the opening day for the Rs 6,632-crore Billionbrains Garage Ventures (Groww) IPO. Despite huge social media…
