India's Lenskart Solutions rises; UBS initiates coverage with 'buy', street high PT
15/06/2026 05:19
BUZZ-India's Lenskart Solutions rises; UBS initiates coverage with 'buy', street high PT ** India's Lenskart Solutions LENS.NS up 1.6% to 502 rupees per share
** Brokerage UBS initiates coverage of omnichannel retailer with "buy" rating; sets street high TP of 730 rupees
** UBS notes LENS' value innovation strategy of offering products of comparable quality to peers at nearly half the price has helped it gain market dominance
** LENS India division nearly 6x larger than pioneer Titan, UBS notes
** Co's aggressive network rollout and network effect will drive further growth in market share over the next five years
** Four out of 7 brokerages rate LENS "buy" or higher, median PT 600 rupees - LSEG compiled data
** YTD, stock up 10.8%
(Reporting by Saikeerthi in Bengaluru)
((Saikeerthi@thomsonreuters.com; (+91) 8296756080))
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