JP Morgan initiates coverage on Lenskart as eyewear retailer draws Street attention
A daily markets show flags JP Morgan's fresh initiation on Lenskart amid broader D-Street recovery, alongside Zomato's 18th anniversary and the ₹30,000 crore Dixon-Vivo JV. Signal for retail investors tracking eyewear and consumer-tech names.
Markets show covers JP Morgan's initiation on Lenskart, Zomato's 18th anniversary, and the ₹30,000 crore Dixon-Vivo JV, alongside broader D-Street recovery and TCS earnings debate.
Why this matters
JP Morgan's Overweight initiation with a Rs 635 target on premiumisation and operating leverage builds on Lenskart's post-listing momentum and its growth-and-margin edge in the eyewear battle versus Titan EyeCare.
Retail-brand signals are accelerating, up +279200% QoQ.