Lenskart witnessed a sharp rise in its share price as the market reacted positively to Jefferies initiating coverage with an encouraging buy rating. The stock moved up by nearly five percent, reflecting strong investor confidence following the brokerage’s optimistic assessment. Jefferies set a target price of Rs 500 per share, indicating the firm sees meaningful upside potential backed by Lenskart’s expanding footprint and solid business fundamentals.
The brokerage noted that Lenskart continues to stand out due to its robust omnichannel strategy, combining physical stores and a growing digital presence to serve a wide customer base. Its rapid expansion in both metropolitan areas and smaller cities has helped the brand strengthen its market position in India’s large and still developing eyewear sector. Analysts believe that this combination of reach, technology integration, and customer focused innovation will continue to fuel growth.
Investors are encouraged by the company’s ability to scale efficiently, maintain a strong brand identity, and introduce products that resonate with evolving consumer preferences. With rising demand for prescription eyewear, stylish frames, and advanced vision solutions, Lenskart is well placed to capture further market share.
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