HSBC starts Lenskart at Hold despite its planned 7,000-store expansion
Lenskart’s large store rollout is drawing a measured response from HSBC, which initiated coverage with a Hold rating, according to Financial Express.
HSBC initiated a hold rating on Lenskart despite the company’s planned expansion to 7,000 stores.
Why this matters
The Hold call adds scrutiny to Lenskart's expansion as recent signals track Temasek, ADIA and SoftBank stake reductions and a widening margin gap versus Titan EyeCare.
Store-opening remains steady at 1,312 signals in 90 days; no QoQ figure was provided.