Lenskart’s muted stock market debut despite 20x oversubscription reflects overvaluation concerns, says Dharmesh Kant, Head of Equity Research at Cholamandalam Securities. Calling the eyewear brand’s IPO “overpriced,” he warned that a 50% correction is possible amid competition from Reliance’s Jio Frames. While the business remains strong, Kant believes unsustainable pricing leaves little upside for retail...Read More

BSE is set to report another strong quarter, with brokerages estimating a 46–64% YoY surge in profit to ₹506–₹529 crore for Q2FY26. Revenue growth of 36–41% is expected, driven by robust derivatives trading and steady cash market volumes.Read More

Goldman Sachs upgraded India to Overweight, setting a Nifty target of 29,000 by 2026. The brokerage cited strong earnings prospects and outlined four key investment themes driving future growth.Read More

Nuvama Institutional Equities initiated coverage on Swiggy with a ‘Buy’ rating and a target price of ₹510, citing its strong scale, improving profitability in food delivery, and early recovery in quick commerce. The brokerage highlighted Swiggy’s turnaround in execution, noting it now outpaces Zomato’s growth and stands among India’s largest hyperlocal delivery players.Read More

Goldman Sachs has upgraded India to ‘Overweight’, projecting Nifty at 29,000 by 2026, driven by policy support, earnings revival, improving foreign flows, and renewed optimism in domestic growth prospects.Read More

Lenskart’s founder shared personal stories at the company’s listing ceremony. The eyewear brand began with challenges, including convincing people to join a ‘chashma ka company’. A teacher’s emotional reaction to new glasses highlighted the company’s purpose. Lenskart’s shares debuted with caution, but the company remains a significant player in India’s eyewear market. Its technology and...Read More

Garden Reach Shipbuilders and Engineers shares surged up to 7% after the company posted strong Q2 and H1 FY26 results, supported by robust revenue growth, higher profitability, and a healthy order book. Management expressed confidence in sustaining growth momentum, backed by strong project execution and continued order visibility for the year ahead.Read More

India’s motorcycle sector saw robust growth in the second quarter of FY26. This surge was driven by recent Goods and Services Tax reductions and strong festive season demand. Higher-end motorcycle models performed exceptionally well, indicating a positive shift in consumer spending. Exports also reached record highs, showcasing broad-based international demand across various regions and product...Read More

Post ContentRead More

Investor enthusiasm for Groww’s ₹6,632 crore IPO has tempered, with its grey market premium slipping to ₹5 (5%) above the issue price of ₹100 on allotment day. Despite strong subscription, the soft GMP signals caution over near-term listing gains.Read More