Archive · 21 Sep 2026
Lenskart Shares Fall After Two Percent Block Deal
Lenskart shares went down on Monday after a large block of shares was traded.
The stock reached Rs 684.60, compared with Rs 706.60 previously.
Around 2% of the company’s shares changed hands.
Even after this fall, the shares are about 79% above their IPO price of Rs 402.
Lenskart was listed on Indian stock exchanges in November 2025.
Motilal Oswal Financial Services remains positive about the company.
It raised its price target to Rs 800 and kept its Buy rating.
The brokerage expects Lenskart to grow sales, profits and its number of stores over the next few years.
Lenskart Solutions shares fell 3.11% on Monday to a low of Rs 684.60 from a previous close of Rs 706.60.
About 2% of Lenskart’s equity changed hands in a block deal, according to the report.
The stock remains about 79% above its Rs 402 IPO issue price after its November 2025 listing.
Motilal Oswal Financial Services retained its Buy rating and raised its target price to Rs 800 from Rs 705.
The brokerage expects strong earnings growth, store expansion and improving margins through FY29.
- Who
- Lenskart Solutions and Motilal Oswal Financial Services are the main entities involved.
- What
- Lenskart shares fell after about 2% of the company’s equity changed hands in a block deal.
- When
- The share-price decline occurred on Monday; Lenskart was listed in November 2025.
- Where
- Lenskart shares trade on Indian stock exchanges.
- Why
- The reported block deal coincided with the share-price decline, while Motilal Oswal cited earnings momentum, store expansion and operational strengths for its positive outlook.
Market Pressure
Brokerage Optimism
Near-term share performance
Market Pressure
Lenskart shares declined 3.11% after about 2% of the company’s equity changed hands in a block deal.
Brokerage Optimism
The stock remains about 79% above its Rs 402 IPO issue price despite the Monday decline.
Investment outlook
Market Pressure
The block deal was accompanied by a drop in the share price to Rs 684.60.
Brokerage Optimism
Motilal Oswal Financial Services retained its Buy rating and raised its target price to Rs 800, citing strong earnings momentum and continued consensus-estimate upgrades.
Future growth
Market Pressure
The share-price movement indicates near-term selling pressure, although the article does not identify the seller’s reason.
Brokerage Optimism
Motilal Oswal expects store expansion, operating leverage and structural advantages to support revenue, earnings and margin growth through FY29.
- Share-price fall
- Lenskart shares fell 3.11% on Monday.
- Intraday low
- Rs 684.60
- Previous close
- Rs 706.60
- Block deal size
- About 2% of Lenskart’s equity
- IPO issue price
- Rs 402 per share
- Motilal Oswal target
- Raised to Rs 800 from Rs 705
- Expected India stores by FY29
- 4,500 outlets
- Expected FY26-FY29 growth
- Revenue CAGR of 27%, pre-IND AS Ebitda CAGR of 46%, and adjusted PAT CAGR of 59%