Stock Market Strategy : Lenskart Share Price Jumps 11%, After Strong Q2 Results: Buy, sell or hold?
Lenskart shares jumped 11% to ₹767.40 after strong Q2 FY27 results and positive brokerage reports. The stock has gained nearly 90% from its IPO price of ₹402, attracting attention in the Indian stock market.
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Why Is Lenskart Share Price Rising?Lenskart reported strong quarterly growth:
- Net Profit: More than doubled to ₹232 crore.
- Revenue: Rose 32.5% to ₹2,845 crore.
- EBITDA: Increased around 64% to ₹390 crore.
- Store Expansion: Reached 2,868 stores in India.
Strong earnings, business expansion, and improving profitability supported the rally.
What Are Brokerages Saying?
Major brokerages raised their Lenskart share price targets:
- UBS: ₹850
- Goldman Sachs: ₹800
- HSBC: ₹790 (Buy rating)
- Morgan Stanley: ₹805
- Motilal Oswal: ₹815
These positive targets have increased investor confidence in the Indian stock market.
What Should Short-Term Investors Do?
After an 11% rally, profit booking is possible. Short-term investors should avoid chasing high prices, wait for price stability, and follow proper stock market strategies with stop-loss protection.
What Should Long-Term Investors Do?
Lenskart's growing sales, store expansion, and improving profits show long-term potential. However, high valuations remain a concern. Long-term investors should focus on fundamentals and use disciplined stock market strategies before investing.
Conclusion
Lenskart's strong Q2 results have made it a stock to watch in the Indian stock market. While short-term investors should remain cautious, long-term investors can monitor growth and valuations for better opportunities.
Smart investing means following the right stock market strategies, not chasing every rally.
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