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Asia

Lenskart Bumps Up Stake in French Eyewear Brand Le Petit Lunetier to 34%

Lenskart (BOM:544600, NSE:LENSKART) has boosted its stake in French eyewear brand Le Petit Lunetier to 34.3% from 29.1%, according to a Wednesday filing with the Indian bourse.The Indian eyewear and prescription glasses retail company said it paid 248,000 euros for an additional 2.52% stake on Sept. 23, following a previous purchase of a 2.77% stake in late April for 250,000 euros.

BOM:544600NSE:LENSKART
Asia

Lenskart Boosts Stake in Smart-Eyewear Firm Ajna to 9.01%

Lenskart Solutions (NSE:LENSKART, BOM:544600) acquired an additional 1.80% stake in augmented and mixed-reality developer Dimension NXG, operating as Ajna, for nearly 78 million rupees, according to a Sunday filing with the Indian bourses.The acquisition lifts Lenskart's holding in Ajna to 9.01% from 7.21%, following earlier purchases in February and July.

BOM:544600NSE:LENSKART
Research

UBS Starts Lenskart Solutions at Buy with INR730 Price Target

Lenskart Solutions (NSE:LENSKART, BOM:544600) has an average rating of overweight and mean price target of 586.16 Indian rupees, according to analysts polled by FactSet.

BOM:544600NSE:LENSKART
Research

CLSA Starts Lenskart Solutions at Accumulate with INR604 Price Target

Lenskart Solutions (NSE:LENSKART, BOM:544600) has an average rating of overweight and mean price target of 584.58 Indian rupees, according to analysts polled by FactSet.

BOM:544600NSE:LENSKART
Asia

Jefferies Adjusts Lenskart Solutions' Price Target to INR600 From INR575, Keeps at Buy

BOM:544600NSE:LENSKART
Asia

Lenskart Solutions' Consolidated Profit Slips in Fiscal Q4

Lenskart Solutions' (NSE:LENSKART, BOM:544600) consolidated attributable profit declined to 2.00 billion Indian rupees in the fiscal fourth quarter ended March 31 from 2.19 billion rupees a year ago.Earnings per share contracted to 1.16 rupees from 1.30 rupees a year earlier, the eyewear retailer said in a filing to the Indian stock exchanges on Wednesday. The EPS was higher than the 0.88 rupees estimated by the analysts polled by Visible Alpha.Revenue from operations in fiscal Q4, however, increased to 25.2 billion rupees from 17.3 billion rupees a year ago.

BOM:544600NSE:LENSKART

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