HSBC Initiates 'Hold' on Lenskart, Sees Just 2% Upside Despite 7,000-Store Plan
HSBC sets a Rs 513 target price on Lenskart, citing full valuation even as the eyewear retailer plans to nearly triple its footprint from 2,500 to 7,000 stores, backed by sub-1-year payback periods and rising organised market share.
HSBC initiates 'Hold' on Lenskart with Rs 513 target, citing full valuation despite plans to expand to 7,000 stores from 2,500, driven by strong unit economics and market share gains.