Latest Updates Around The World
Eyewear retailer Lenskart’s lukewarm listing has sparked debate among investors and analysts. Despite being oversubscribed by more than 20 times, the stock opened weaker, surprising many on Dalal Street. According to Dharmesh Kant, Head of Equity Research at Cholamandalam Securities, the problem lies not in business fundamentals but in excessive IPO prices.“The surprise is that […]
When Lenskart founder and CEO Peyush Bansal took the stage at the company’s listing ceremony on Monday, he didn’t just talk about valuations and vision. Instead, he shared how building India’s largest ever eyewear brand meant not only convincing engineers to join a ‘chashma ka company’, but even convincing his co-founder’s future father-in-law that an […]
In an era defined by career insecurity, layoffs and changing economic cyclesit has become risky to rely on a single salary. The post-pandemic world and the recent wave of restructuring in various sectors, from technology to startups to traditional industries, have reminded everyone of a hard truth: One source of income is no longer enough.Whether […]
Global market strategist Mark Matthews of Julius Baer expects a significant recovery in earnings growth for Indian equity markets from next fiscal as policies such as VAT cuts and income tax cuts start to impact corporate profits.Speaking to ET Now, Matthews said: “I think this will happen in the next quarter. It didn’t happen in […]
Eyewear retailer Lenskart Solutions made a volatile market debut on Monday, trading below its IPO price but quickly rebounding above 3% intraday as investors weighed steep valuations against its dominant position in India’s fast-growing eyewear market. The stock opened at Rs 390 on the BSE, a 3% discount to the issue price of Rs 402, […]
After weeks of anticipation, Lenskart’s market debut on Monday ended on a sad note rather than a cheer. The eyewear retailer’s shares were trading at Rs 390 on the NSE, a 3% discount to the issue price of Rs 402, despite being one of the highest-profile IPOs of 2025.This disappointing debut marked a dramatic turnaround […]
Garden Reach Shipbuilders & Engineers (GRSE) shares will go ex-dividend on Tuesday, November 11. Investors who want to receive the announced interim dividend of Rs 5.75 per share for the financial year 2025-2026 will have to buy the shares before the end of today’s trading session.According to an earlier regulatory filing filed by GRSE, the […]
U.S. stock index futures jumped in early trading in Asia amid hopes for a deal to end the longest U.S. government shutdown.Contracts for the S&P 500 and Nasdaq 100 rose more than 0.5% after Senate Republican Leader John Thune said he plans to test support for a limited spending package on Sunday, although it is […]
Ahead of the listing on Monday, Lenskart’s co-founder Peyush Bansal shared a note to shareholders, reflecting on the company’s 15-year journey from a small eyewear startup to a global omnichannel brand worth nearly Rs 70,000 crore. The company’s shares will debut on the stock exchanges tomorrow, marking a milestone for the company. The IPO, which […]
The gray market premium (GMP) for eyewear retailer Lenskart Solutions has fallen to zero, negating all the excitement ahead of its market debut on Monday. The GMP, which had peaked at Rs 108, implying a listing population of over 25% before the IPO announcement, has now collapsed, indicating that the counter could see a flat […]
