Business · India Bureau
Lenskart shares surge to record high, nearly doubling from lows
Lenskart Solutions' stock price reached an all-time peak on Friday, extending its remarkable rally from November lows. The eyewear retailer's shares are now trading significantly above their initial public offering price.
LSN India ·
Lenskart Solutions' equity shares scaled fresh highs during Friday's trading session on the Bombay Stock Exchange, reaching ₹703.85 per share. The strong performance marks a near-doubling of the stock's value from its November lows, reflecting sustained investor confidence in the company's business prospects.
The stock's current valuation represents a substantial 75 per cent premium to the issue price of ₹402 per share that investors paid during the company's initial public offering. This significant appreciation underscores strong market reception for the online eyewear retailer since its public market debut.
The rally demonstrates investor appetite for Lenskart's business model and growth trajectory in India's expanding optical retail sector. The company, which operates primarily through digital channels supplemented by physical stores, has positioned itself as a key player in the spectacles and contact lens market.