Lenskart shares decline 2% even as Antique Stockbroking initiates coverage

The brokerage highlighted the company’s technology-led approach and centralised supply chain, which it said enable higher operational efficiency and more consistent product quality.

Moneycontrol News

January 19, 2026 / 14:58 IST

Lenskart shares see profit booking in trade.

Lenskart shares dropped 2% due to profit booking and market pressure.
Antique Stockbroking initiated coverage with a 'hold' rating on Lenskart
Lenskart debuted weakly in November 2025, listing below its IPO price

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Lenskart Solutions shares fell nearly 2 percent on Monday amid profit booking, even as Antique Stockbroking initiated coverage on the stock with a ‘hold’ rating.

On the NSE, the stock declined 2.7 percent to hit an intraday low of Rs 439 per share. The scrip has been under pressure for the past two sessions and has slipped nearly 4 percent during the period.

Antique Stockbroking, in its note, said Lenskart is scaling up at a fast pace with improving profitability in a favourable industry environment. It pointed out that only about 24 percent of India’s eyewear market is organised, while other markets also offer significant growth opportunities.

The brokerage highlighted the company’s technology-led approach and centralised supply chain, which it said enable higher operational efficiency and more consistent product quality. It added that there is sufficient headroom for around 25 percent compound annual revenue growth in the medium term, but noted that current valuations largely factor in the growth outlook.

Lenskart had made a weak stock market debut in November 2025, listing at a discount of around 3 percent to its issue price. The company’s initial public offer, which was open for subscription from October 31 to November 4, was subscribed 28.26 times.