HSBC starts Lenskart at Hold as eyewear chain targets 7,000 stores
HSBC has initiated coverage of Lenskart with a Hold rating, even as the Indian eyewear retailer outlines plans to scale to 7,000 stores. Financial assumptions, timing and rationale behind the rating could not be independently verified because the source article was inaccessible.
HSBC initiated coverage on Indian eyewear retailer Lenskart with a Hold rating despite its plan to expand to 7,000 stores. The source page was inaccessible, so further financial and timeline details could not be verified.
Why this matters
The signal follows reports of Lenskart's India network scaling from 2,500 to 7,000 stores and the resurfacing of HSBC's April Hold call.
Store-opening is steady, with 1,431 signals recorded over the past 90 days; no QoQ figures were provided.