Mumbai, November 7:
Lenskart’s share price tumbled on its first day of trading after a lacklustre listing on Dalal Street, disappointing investors who had expected a stronger market debut. The stock opened below expectations and continued to face selling pressure in early trade, reflecting cautious sentiment despite the brand’s strong presence in India’s eyewear market. Analysts noted that valuation concerns and broader market weakness contributed to the subdued performance.
Following the tepid listing, market experts advised investors to monitor the company’s long-term growth prospects rather than judge solely on day-one market sentiment. They believe that Lenskart’s expanding retail network, growing online customer base, and strategic global partnerships could support future gains. However, immediate volatility is likely as investors reassess the stock’s fair value in the current market environment.
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