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The shares of <a href="https://www.moneycontrol.com/india/stockpricequote/pharmaceuticals/biocon/BL03">Biocon</a> dropped 3 percent on December 8 as analysts cautioned investors about equity dilution after the company fully acquires its subsidiary Biocon Biologics.

The shares of the company closed at Rs 381.60 apiece on Monday, the lowest level seen by the stock in over three weeks.

Biocon on December 6 announced that its board has considered and approved the plan to acquire the remaining 23.3 percent equity stake in Biocon Biologics, to make it the pharma giant's 100 percent wholly-owned subsidiary. The shares will be bought from Mylan, Serum Institute Life Sciences, Tata Capital Growth Fund II and Activ Pine LLP.

The company added that the board has approved the offer and issuance of more than 17 crore equity shares of the company on a preferential basis, aggregating to an amount up to Rs 6,950 crore. The board also approved the plan to raise up to Rs 4,500 crore via qualified institutions placement (QIP), rights issue, preferential allotment or private placement.
<h3><strong>Here's what analysts say:</strong></h3>
Systematix Institutional Equities analyst Vishal Manchanda said that to buyout minority interest in Biocon Biologics, Biocon may have to raise Rs 10,000 crore-Rs 15,000 crore, which would mean meaningful dilution for shareholders of the company.

Speaking with CNBC TV18, Dharmesh Kant, Head Research at Chola Securities, said that while the street may have anticipated the move to make Biocon Biologics a 100 percent subsidiary, the <a href="https://www.moneycontrol.com/news/business/stocks/biocon-merger-is-earnings-dilutive-avoid-ems-sector-for-now-says-dharmesh-kant-alpha-article-13714752.html">deal is likely to be dilutive to earnings</a> per share (EPS).

JM Financial however kept a 'Buy' call on the stock, with a target price of Rs 476 per share. This implies an upside potential of more than 21 percent from the stock's previous closing price. The domestic brokerage said that the transaction could potentially add incremental 10 percent on Biocon valuation due to removal of holdco discount as well as increased stake in the subsidiary.

<em>Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.</em>

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Biocon shares drop 3%: Analysts expect 'earnings dilution' after firm's Biocon Biologics buyout

The shares of Biocon dropped 3 percent on December 8 as analysts cautioned investors about equity dilution after the company fully acquires its subsidiary Biocon Biologics.

The shares of the company closed at Rs 381.60 apiece on Monday, the lowest level seen by the stock in over three weeks.

Biocon on December 6 announced that its board has considered and approved the plan to acquire the remaining 23.3 percent equity stake in Biocon Biologics, to make it the pharma giant's 100 percent wholly-owned subsidiary. The shares will be bought from Mylan, Serum Institute Life Sciences, Tata Capital Growth Fund II and Activ Pine LLP.

The company added that the board has approved the offer and issuance of more than 17 crore equity shares of the company on a preferential basis, aggregating to an amount up to Rs 6,950 crore. The board also approved the plan to raise up to Rs 4,500 crore via qualified institutions placement (QIP), rights issue, preferential allotment or private placement.
Here's what analysts say:
Systematix Institutional Equities analyst Vishal Manchanda said that to buyout minority interest in Biocon Biologics, Biocon may have to raise Rs 10,000 crore-Rs 15,000 crore, which would mean meaningful dilution for shareholders of the company.

Speaking with CNBC TV18, Dharmesh Kant, Head Research at Chola Securities, said that while the street may have anticipated the move to make Biocon Biologics a 100 percent subsidiary, the deal is likely to be dilutive to earnings per share (EPS).

JM Financial however kept a 'Buy' call on the stock, with a target price of Rs 476 per share. This implies an upside potential of more than 21 percent from the stock's previous closing price. The domestic brokerage said that the transaction could potentially add incremental 10 percent on Biocon valuation due to removal of holdco discount as well as increased stake in the subsidiary.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

The shares of <a href="https://www.moneycontrol.com/india/stockpricequote/electronics-components/kaynestechnologyindia/KTI">Kaynes Technology India</a> dropped around 12 percent on December 8, extending significant losses for the third consecutive session after Kotak Institutional Equities raised concerns over inconsistencies in the company's related-party disclosures.

The shares of the company closed at Rs 3,851.50 apiece today. The sharp drop in the share price has resulted in strong market cap erosion for the EMS player.
<h3><strong>Kaynes Tech m-cap erosion:</strong></h3>
The market capitalization of Kaynes Tech stood at around Rs 35,600 crore at the end of the trading session on December 3 (Wednesday). After Kotak released its report, the shares saw significant decline in the following three sessions.

The market cap of Kaynes Tech today stands at nearly Rs 25,800 crore. This implies a market cap erosion of approximately Rs 10,000 crore in just three sessions of losses since Kotak’s report dampened investor sentiment.
<h3><strong>Kotak's allegations, Kaynes' clarification:</strong></h3>
In its note, Kotak Institutional Equities said that it has identified multiple mismatches between the disclosures made by Kaynes Technology, Kaynes Electronics Manufacturing, and its subsidiary Iskraemeco for the financial year 2025.

According to the brokerage, Iskraemeco’s filings show purchases of Rs 180 crore from Kaynes Electronics Manufacturing, but this transaction is not reflected in Kaynes Electronics Manufacturing’s own related-party disclosures. Iskraemeco also reported year-end payables of Rs 320 crore to Kaynes Technology and Rs 180 crore to Kaynes Electronics Manufacturing, along with receivables of Rs 190 crore from Kaynes Technology. These balances, Kotak noted, do not appear in the corresponding disclosures of Kaynes Technology or Kaynes Electronics Manufacturing.

Kaynes Technology issued a clarification on December 5, stating that these were inadvertently not disclosed in the standalone financial statements. “This has been rectified and has been noted for future compliance. This transaction was part of the overall financial statement in both the entities,” the firm said.

Kotak further said that almost all of Iskraemeco’s current receivables were shown as due from its parent company, with Rs 45.8 crore outstanding for more than a year.

The brokerage said the inconsistencies warrant closer scrutiny, as they raise questions on inter-company transactions and year-end balances within the group.
<h3><strong>Here's what JPMorgan said:</strong></h3>
JPMorgan advised investors to <a href="https://www.moneycontrol.com/news/business/markets/kaynes-tech-shares-tumble-8-jpmorgan-advises-investors-to-avoid-bottom-fishing-13711988.html">avoid "bottom fishing"</a> in the shares of Kaynes Technologies, as it does not see a clear, strong catalyst for the stock till it reports its third quarter results, CNBC-TV18 reported. The international brokerage however continues to remain ‘Overweight’ on the stock, with a target price of Rs 7,550 apiece. This implies an upside potential of nearly 52 percent from the stock’s previous closing price.

JPMorgan said that Kaynes is now facing balance sheet and cash flow concerns with question marks on cash flow and revenue growth as well as ex-smart meters. The brokerage said that the stock has been on a downward trajectory after its Q2 results and it is difficult to predict when the stock will make a bottom given that neither the fundamentals nor the guidance have changed but sentiment is driving the stock down, the business news channel reported.

Follow all <a href="https://www.moneycontrol.com/news/business/markets/stock-market-live-sensex-nifty-50-share-price-gift-nifty-latest-updates-08-12-2025-liveblog-13714490.html">LIVE updates</a> from the stock markets here.

<em>Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.</em>

Kaynes Tech shares tumble 12%, sell-off wipes out nearly Rs 10,000 crore from m-cap in three days

The shares of Kaynes Technology India dropped around 12 percent on December 8, extending significant losses for the third consecutive session after Kotak Institutional Equities raised concerns over inconsistencies in the company's related-party disclosures.

The shares of the company closed at Rs 3,851.50 apiece today. The sharp drop in the share price has resulted in strong market cap erosion for the EMS player.
Kaynes Tech m-cap erosion:
The market capitalization of Kaynes Tech stood at around Rs 35,600 crore at the end of the trading session on December 3 (Wednesday). After Kotak released its report, the shares saw significant decline in the following three sessions.

The market cap of Kaynes Tech today stands at nearly Rs 25,800 crore. This implies a market cap erosion of approximately Rs 10,000 crore in just three sessions of losses since Kotak’s report dampened investor sentiment.
Kotak's allegations, Kaynes' clarification:
In its note, Kotak Institutional Equities said that it has identified multiple mismatches between the disclosures made by Kaynes Technology, Kaynes Electronics Manufacturing, and its subsidiary Iskraemeco for the financial year 2025.

According to the brokerage, Iskraemeco’s filings show purchases of Rs 180 crore from Kaynes Electronics Manufacturing, but this transaction is not reflected in Kaynes Electronics Manufacturing’s own related-party disclosures. Iskraemeco also reported year-end payables of Rs 320 crore to Kaynes Technology and Rs 180 crore to Kaynes Electronics Manufacturing, along with receivables of Rs 190 crore from Kaynes Technology. These balances, Kotak noted, do not appear in the corresponding disclosures of Kaynes Technology or Kaynes Electronics Manufacturing.

Kaynes Technology issued a clarification on December 5, stating that these were inadvertently not disclosed in the standalone financial statements. “This has been rectified and has been noted for future compliance. This transaction was part of the overall financial statement in both the entities,” the firm said.

Kotak further said that almost all of Iskraemeco’s current receivables were shown as due from its parent company, with Rs 45.8 crore outstanding for more than a year.

The brokerage said the inconsistencies warrant closer scrutiny, as they raise questions on inter-company transactions and year-end balances within the group.
Here's what JPMorgan said:
JPMorgan advised investors to avoid &quot;bottom fishing&quot; in the shares of Kaynes Technologies, as it does not see a clear, strong catalyst for the stock till it reports its third quarter results, CNBC-TV18 reported. The international brokerage however continues to remain ‘Overweight’ on the stock, with a target price of Rs 7,550 apiece. This implies an upside potential of nearly 52 percent from the stock’s previous closing price.

JPMorgan said that Kaynes is now facing balance sheet and cash flow concerns with question marks on cash flow and revenue growth as well as ex-smart meters. The brokerage said that the stock has been on a downward trajectory after its Q2 results and it is difficult to predict when the stock will make a bottom given that neither the fundamentals nor the guidance have changed but sentiment is driving the stock down, the business news channel reported.

Follow all LIVE updates from the stock markets here.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

The shares of <a href="https://www.moneycontrol.com/india/stockpricequote/transportlogistics/spicejet/SJ01">SpiceJet</a> recorded sharp gains for the second consecutive session on December 8, jumping more than 14 percent today. This comes as rival airline IndiGo faces mass disruptions, cancelling several flights and leading to chaos at major airports across India.

SpiceJet shares gained more than 17 percent in just two sessions, hitting the day's high at Rs 35.50 per share. The stock then pared some gains to close 4.47 percent higher at Rs 32.50 apiece.

This comes as the domestic airline plans to increase its operational fleet while its peer faces crisis.
<h3><strong>SpiceJet’s plans to increase operational fleet:</strong></h3>
Earlier in November, SpiceJet had said that it expects its <a href="https://www.moneycontrol.com/news/business/markets/spicejet-shares-rise-5-as-airline-expects-operational-fleet-to-double-by-2025-end-13679712.html">operational fleet to double by the end of this year</a>, driving a sharp expansion in network reach and scale.

SpiceJet in its investor presentation said that its operational fleet reduced to 19 in September from 21 in June. "SpiceJet aims to bring up to eight of its grounded Boeing aircraft back into service by April 2026, including four in the early winter period to meet peak travel demand. Two have already rejoined the fleet, up to two more ungrounded and inducted into the fleet by December 2025, and the remaining four are planned to return by early summer 2026," it said.

"By the end of 2025, SpiceJet aims to double its operational fleet and nearly triple its Available Seat Kilometers (ASKM)," it added, while noting that this would mark a significant milestone in its growth journey.

The airline aims to bring up to eight of its grounded Boeing aircraft back into service by April 2026. Two planes have already rejoined the fleet and up to two more will rejoin the fleet by December 2025. The remaining four are planned to return by early summer of 2026.
<h3><strong>IndiGo crisis:</strong></h3>
IndiGo's <a href="https://www.moneycontrol.com/news/business/markets/indigo-shares-tumble-7-brokerages-see-costs-rising-for-airline-as-fdtl-norms-trigger-mass-flight-cancellations-13715034.html">flight cancellations continued to persist </a>on Monday, leading to widespread chaos at India's major airports. Delhi airport issued an advisory in the early hours of the day, stating that schedules remain unstable as the airline works to restore normal operations.

Over six days, the airline cancelled more than 2,000 domestic and international flights. Directorate General of Civil Aviation (DGCA) has sent a show-cause notice to IndiGo CEO Peter Elbers over large-scale disruptions and alleged non-compliances.

The show-cause notice, issued to CEO Pieter Elbers, accused the airline of “significant lapses in planning, oversight and resource management” and a failure to adequately prepare for new Flight Duty Time Limitations (FDTL) norms.

A significant factor behind the chaos is a sharp shortage of crew, particularly pilots, following the introduction of revised Flight Duty Time Limitation (FDTL) norms last month. The new rules mandate more rest hours and humane rosters, but IndiGo has been struggling to realign its network accordingly.
<h3><strong>Aviation minister on IndiGo crisis:</strong></h3>
Union Civil Aviation Minister Ram Mohan Naidu Kinjarapu today said that the IndiGo crisis was driven by problems in its crew rostering and internal planning system. Addressing the Rajya Sabha, Naidu said that strict Civil Aviation Requirements (CARs) are in place for passengers who have faced difficulties due to delays and cancellations.

"I want more players in the industry. Today, India has a capacity of five big airlines and there has been an effort from the ministry to encourage more airlines," he added.
<h3><strong>SpiceJet share price history:</strong></h3>
SpiceJet shares have fallen more than 5 percent in the past one month. The stock has fallen over 25 percent in the past six months, and over 42 percent in 2025 so far.

Its P/E ratio on a consolidated basis stands at over 10.

Follow all <a href="https://www.moneycontrol.com/news/business/markets/stock-market-live-sensex-nifty-50-share-price-gift-nifty-latest-updates-08-12-2025-liveblog-13714490.html">LIVE updates</a> from the stock markets here.

<em>Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.</em>

SpiceJet shares fly up to 14% amid IndiGo's mass flight cancellations: Here's why

The shares of SpiceJet recorded sharp gains for the second consecutive session on December 8, jumping more than 14 percent today. This comes as rival airline IndiGo faces mass disruptions, cancelling several flights and leading to chaos at major airports across India.

SpiceJet shares gained more than 17 percent in just two sessions, hitting the day's high at Rs 35.50 per share. The stock then pared some gains to close 4.47 percent higher at Rs 32.50 apiece.

This comes as the domestic airline plans to increase its operational fleet while its peer faces crisis.
SpiceJet’s plans to increase operational fleet:
Earlier in November, SpiceJet had said that it expects its operational fleet to double by the end of this year, driving a sharp expansion in network reach and scale.

SpiceJet in its investor presentation said that its operational fleet reduced to 19 in September from 21 in June. &quot;SpiceJet aims to bring up to eight of its grounded Boeing aircraft back into service by April 2026, including four in the early winter period to meet peak travel demand. Two have already rejoined the fleet, up to two more ungrounded and inducted into the fleet by December 2025, and the remaining four are planned to return by early summer 2026,&quot; it said.

&quot;By the end of 2025, SpiceJet aims to double its operational fleet and nearly triple its Available Seat Kilometers (ASKM),&quot; it added, while noting that this would mark a significant milestone in its growth journey.

The airline aims to bring up to eight of its grounded Boeing aircraft back into service by April 2026. Two planes have already rejoined the fleet and up to two more will rejoin the fleet by December 2025. The remaining four are planned to return by early summer of 2026.
IndiGo crisis:
IndiGo's flight cancellations continued to persist on Monday, leading to widespread chaos at India's major airports. Delhi airport issued an advisory in the early hours of the day, stating that schedules remain unstable as the airline works to restore normal operations.

Over six days, the airline cancelled more than 2,000 domestic and international flights. Directorate General of Civil Aviation (DGCA) has sent a show-cause notice to IndiGo CEO Peter Elbers over large-scale disruptions and alleged non-compliances.

The show-cause notice, issued to CEO Pieter Elbers, accused the airline of “significant lapses in planning, oversight and resource management” and a failure to adequately prepare for new Flight Duty Time Limitations (FDTL) norms.

A significant factor behind the chaos is a sharp shortage of crew, particularly pilots, following the introduction of revised Flight Duty Time Limitation (FDTL) norms last month. The new rules mandate more rest hours and humane rosters, but IndiGo has been struggling to realign its network accordingly.
Aviation minister on IndiGo crisis:
Union Civil Aviation Minister Ram Mohan Naidu Kinjarapu today said that the IndiGo crisis was driven by problems in its crew rostering and internal planning system. Addressing the Rajya Sabha, Naidu said that strict Civil Aviation Requirements (CARs) are in place for passengers who have faced difficulties due to delays and cancellations.

&quot;I want more players in the industry. Today, India has a capacity of five big airlines and there has been an effort from the ministry to encourage more airlines,&quot; he added.
SpiceJet share price history:
SpiceJet shares have fallen more than 5 percent in the past one month. The stock has fallen over 25 percent in the past six months, and over 42 percent in 2025 so far.

Its P/E ratio on a consolidated basis stands at over 10.

Follow all LIVE updates from the stock markets here.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

The small- and mid-cap shares came under sharp selling pressure on Monday as investors booked profits, dragging several stocks down by up to 12 percent and tracking weakness in the benchmark indices.

The Nifty Smallcap100 index declined for the fifth straight session, slipping up to 3 percent in intra-day trade. The index has fallen more than 4 percent over the past five sessions.

<a href="https://www.moneycontrol.com/india/stockpricequote/electronics-components/kaynestechnologyindia/KTI">Kaynes Technology India</a> was the biggest loser in the Smallcap100 pack. The stock dropped around 12 percent, extending significant losses for the third consecutive session after Kotak Institutional Equities raised concerns over inconsistencies in the company's related-party disclosures.

The shares of the company have dropped to Rs 3,835.50 apiece, the lowest level seen by the stock in nearly 10 months. The sharp drop in the share price has resulted in strong market cap erosion for the EMS player.

<a href="https://www.moneycontrol.com/news/business/markets/kaynes-tech-shares-tumble-12-sell-off-wipes-out-nearly-rs-10-000-crore-from-m-cap-in-three-days-13715743.html" target="_blank">Kaynes Tech shares tumble 12%, sell-off wipes out nearly Rs 10,000 crore from m-cap in three days</a>

Data Patterns (India) and Reliance Power were also among the major drags, declining 5.93 percent and 5.25 percent, respectively. Other notable losers included Poonawalla Fincorp, Aditya Birla Real Estate, Anant Raj, Deepak Fertilisers and Petrochemicals Corporation, and Ola Electric Mobility, which fell up to 5 percent.

The Nifty Midcap100 index also slipped about 2 percent. <a href="https://www.moneycontrol.com/india/stockpricequote/constructioncontracting-real-estate/godrejproperties/GP11" target="_blank">Godrej Properties</a> was among the top laggards, dropping 5.54 percent to Rs 115.30 on the NSE.

Naren Agarwal, CEO, Wealth1, added "Today’s sell-off was a classic ‘de-beta’ day: the Nifty 50 slipped below the 26,100 zone with a mild decline, but the brunt of the correction hit the broader market. The Nifty Smallcap 100 fell sharply—around 1.5–1.8% intraday—while midcaps weakened in the 0.4–0.8% range. Volatility inched higher and the market grappled with continued foreign outflows this month, alongside traders de-risking ahead of a crucial global rate decision. A few crowded thematic pockets—defence electronics, renewables, and smaller industrial names—saw exaggerated unwinding, amplifying the pressure on leveraged positions. This was less a comment on India’s domestic trajectory and more a reset driven by positioning, liquidity and global macro cues.”

Mahindra &amp; Mahindra Financial Services, Bharat Dynamics, Housing &amp; Urban Development Corporation and Prestige Estates Projects were also down as much as 5 percent.

Broader market sentiment remained weak, mirroring declines in the Sensex and Nifty as investors turned cautious ahead of the US Federal Reserve’s policy meeting and continued foreign fund outflows.

The Sensex fell 609.68 points or 0.71 percent to 85,102.69, while the broader Nifty declined to 25,960.55, down 225.90 points or 0.86 percent.

<em><strong>Disclaimer:</strong> The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.</em>

A financial journalist with over 10 years of experience, specialising in tracking stock market movements and fundamental developments that impact investors and the broader economy. A keen observer of global financial markets, I regularly engage with leading market voices to write stories. At Moneycontrol, I focus on decoding market trends, policy shifts and economic changes, driven by a constant passion to learn, analyse, and share knowledge with my readers.

Small, midcap shares fall up to 12% amid profit booking; Kaynes Tech, Bharat Dynamics among top losers

The small- and mid-cap shares came under sharp selling pressure on Monday as investors booked profits, dragging several stocks down by up to 12 percent and tracking weakness in the benchmark indices.

The Nifty Smallcap100 index declined for the fifth straight session, slipping up to 3 percent in intra-day trade. The index has fallen more than 4 percent over the past five sessions.

Kaynes Technology India was the biggest loser in the Smallcap100 pack. The stock dropped around 12 percent, extending significant losses for the third consecutive session after Kotak Institutional Equities raised concerns over inconsistencies in the company's related-party disclosures.

The shares of the company have dropped to Rs 3,835.50 apiece, the lowest level seen by the stock in nearly 10 months. The sharp drop in the share price has resulted in strong market cap erosion for the EMS player.

Kaynes Tech shares tumble 12%, sell-off wipes out nearly Rs 10,000 crore from m-cap in three days

Data Patterns (India) and Reliance Power were also among the major drags, declining 5.93 percent and 5.25 percent, respectively. Other notable losers included Poonawalla Fincorp, Aditya Birla Real Estate, Anant Raj, Deepak Fertilisers and Petrochemicals Corporation, and Ola Electric Mobility, which fell up to 5 percent.

The Nifty Midcap100 index also slipped about 2 percent. Godrej Properties was among the top laggards, dropping 5.54 percent to Rs 115.30 on the NSE.

Naren Agarwal, CEO, Wealth1, added &quot;Today’s sell-off was a classic ‘de-beta’ day: the Nifty 50 slipped below the 26,100 zone with a mild decline, but the brunt of the correction hit the broader market. The Nifty Smallcap 100 fell sharply—around 1.5–1.8% intraday—while midcaps weakened in the 0.4–0.8% range. Volatility inched higher and the market grappled with continued foreign outflows this month, alongside traders de-risking ahead of a crucial global rate decision. A few crowded thematic pockets—defence electronics, renewables, and smaller industrial names—saw exaggerated unwinding, amplifying the pressure on leveraged positions. This was less a comment on India’s domestic trajectory and more a reset driven by positioning, liquidity and global macro cues.”

Mahindra &amp;amp; Mahindra Financial Services, Bharat Dynamics, Housing &amp;amp; Urban Development Corporation and Prestige Estates Projects were also down as much as 5 percent.

Broader market sentiment remained weak, mirroring declines in the Sensex and Nifty as investors turned cautious ahead of the US Federal Reserve’s policy meeting and continued foreign fund outflows.

The Sensex fell 609.68 points or 0.71 percent to 85,102.69, while the broader Nifty declined to 25,960.55, down 225.90 points or 0.86 percent.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

The shares of <a href="https://www.moneycontrol.com/india/stockpricequote/retailing/lenskartsolutions/LSL">Lenskart Solutions</a> fell more than 3 percent on December 8 after the one-month shareholder lock-in period came to an end.

The shares dropped to Rs 403.20 apiece on Monday. The stock has made only marginal gains over its IPO price in the first one month since listing.

Around 4.07 crore shares or 2 percent of the company's stake will free up for trade as the lock-in comes to an end today, CNBC-TV18 quoted Nuvama Alternative &amp; Quantitative Research as saying. The said number of shares will be cumulatively worth around Rs 1,700 crore based on the stock's previous closing price of Rs 417.20 per share.

However, this does not imply that all these shares will be offloaded in the market immediately. The expiry of the lock-in period simply means that these shares can now be traded.
<h3><strong>How have Lenskart shares performed since listing?</strong></h3>
Lenskart shares are currently up only 0.3 percent from the <a href="https://www.moneycontrol.com/news/business/markets/lenskart-shares-list-at-3-discount-despite-28x-subscription-this-brokerage-says-sell-sees-up-to-14-downside-13662988.html">IPO price</a> of Rs 403.2 apiece, and more than 2 percent from its listing price of Rs 395 per share on NSE.

The stock had listed with a discount on stock markets on November 10. This came despite the Rs 7,278-crore IPO seeing strong investor interest during its three days of public bidding, being subscribed more than 28 times its offer size.

After listing, the stock rose nearly 14 percent to hit a high of Rs 448.80 apiece on December 1. However, the shares of the popular eyewear-retailer have now fallen nearly 10 percent since then.
<h3><strong>Lenskart Q2 Results:</strong></h3>
Lenskart in November reported a <a href="https://www.moneycontrol.com/news/business/earnings/lenskart-q2-net-profit-rises-20-to-rs-103-5-crore-revenue-up-21-yoy-13702726.html">net profit of Rs 103.5 crore</a> for the second quarter of the financial year 2026. This marked a 20 percent year-on-year (YoY) increase from the Rs 86.3 crore net profit reported in the same period of the previous financial year.

Its revenue from operations rose 21 percent YoY to Rs 2,096 crore in Q2 FY26.

Follow all <a href="https://www.moneycontrol.com/news/business/markets/stock-market-live-sensex-nifty-50-share-price-gift-nifty-latest-updates-08-12-2025-liveblog-13714490.html">LIVE updates</a> from the stock markets here.

<em>Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.</em>

Lenskart shares fall 3% as one-month lock-in period ends: Here's how newly-listed stock performed since listing

The shares of Lenskart Solutions fell more than 3 percent on December 8 after the one-month shareholder lock-in period came to an end.

The shares dropped to Rs 403.20 apiece on Monday. The stock has made only marginal gains over its IPO price in the first one month since listing.

Around 4.07 crore shares or 2 percent of the company's stake will free up for trade as the lock-in comes to an end today, CNBC-TV18 quoted Nuvama Alternative &amp;amp; Quantitative Research as saying. The said number of shares will be cumulatively worth around Rs 1,700 crore based on the stock's previous closing price of Rs 417.20 per share.

However, this does not imply that all these shares will be offloaded in the market immediately. The expiry of the lock-in period simply means that these shares can now be traded.
How have Lenskart shares performed since listing?
Lenskart shares are currently up only 0.3 percent from the IPO price of Rs 403.2 apiece, and more than 2 percent from its listing price of Rs 395 per share on NSE.

The stock had listed with a discount on stock markets on November 10. This came despite the Rs 7,278-crore IPO seeing strong investor interest during its three days of public bidding, being subscribed more than 28 times its offer size.

After listing, the stock rose nearly 14 percent to hit a high of Rs 448.80 apiece on December 1. However, the shares of the popular eyewear-retailer have now fallen nearly 10 percent since then.
Lenskart Q2 Results:
Lenskart in November reported a net profit of Rs 103.5 crore for the second quarter of the financial year 2026. This marked a 20 percent year-on-year (YoY) increase from the Rs 86.3 crore net profit reported in the same period of the previous financial year.

Its revenue from operations rose 21 percent YoY to Rs 2,096 crore in Q2 FY26.

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Plastics - Tubes/Pipes/Hoses & Fittings Industry Stocks
Check latest stock performance, list of stocks, earnings review & more details about the Plastics - Tubes/Pipes/Hoses & Fittings industry stocks.

Gainers/Losers

Industry Market Map

Earnings Review-Q2 FY25-26

Stock News

Biocon shares drop 3%: Analysts expect 'earnings dilution' after firm's Biocon Biologics buyout

Kaynes Tech shares tumble 12%, sell-off wipes out nearly Rs 10,000 crore from m-cap in three days

SpiceJet shares fly up to 14% amid IndiGo's mass flight cancellations: Here's why

Small, midcap shares fall up to 12% amid profit booking; Kaynes Tech, Bharat Dynamics among top losers

Lenskart shares fall 3% as one-month lock-in period ends: Here's how newly-listed stock performed since listing

Plastics - Tubes/Pipes/Hoses & Fittings Industry StocksCheck latest stock performance, list of stocks, earnings review & more details about the Plastics - Tubes/Pipes/Hoses & Fittings industry stocks.

Gainers/Losers

Industry Market Map

Earnings Review-Q2 FY25-26

Stock News

Biocon shares drop 3%: Analysts expect 'earnings dilution' after firm's Biocon Biologics buyout

Kaynes Tech shares tumble 12%, sell-off wipes out nearly Rs 10,000 crore from m-cap in three days

SpiceJet shares fly up to 14% amid IndiGo's mass flight cancellations: Here's why

Small, midcap shares fall up to 12% amid profit booking; Kaynes Tech, Bharat Dynamics among top losers

Lenskart shares fall 3% as one-month lock-in period ends: Here's how newly-listed stock performed since listing

Plastics - Tubes/Pipes/Hoses & Fittings Industry Stocks
Check latest stock performance, list of stocks, earnings review & more details about the Plastics - Tubes/Pipes/Hoses & Fittings industry stocks.