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Asia

Lenskart shares to rally 40%? Nomura initiates coverage with Buy, says its growth journey has just started

Markets-Economic Times · 1h ago · 🇮🇳 India

Lenskart shares to rally 40%? Nomura initiates coverage with Buy, says its growth journey has just started

Lenskart has emerged from challenger to market leader, with Nomura initiating coverage with a ‘Buy’ rating and Rs 888 target, implying around 40% upside. The brokerage sees a long growth runway driven by store expansion, strong market positioning, vertical integration and a cost advantage, while MSCI inclusion could also attract passive inflows.

Read the full story at Markets-Economic Times →

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