LENSKART IPO INSIGHT
Compared to 4 global peers, Lenskart has the lowest EBITDA margin at 9.5% but trades at the highest P/E of 543.2x and Mkt Cap/Sales of 10.5x, indicating stretched valuations.
While listing gains may remain muted, the business model is strong and supported by a large, underpenetrated ₹15,207 Bn eyeglasses market, offering long-term growth potential for organized players.
Last week in 18th October MTT BSE SME Jayant Infratech given at Rs.75 touched Rs.101 a bumper gain of 35%, D B Corp given at Rs.243 touched Rs.265, Duroply given at Rs.178 touched Rs.205, Shreyans Ind. given at Rs.222 touched Rs.230 & even at Rs.228 looks very good, Shri Bajarang Alliance given at Rs.189 touched Rs.202 & even now at Rs.199 looks very good, Somi Conveyour Beltings given at Rs.144 touched Rs.160 & even now at Rs.153 looks very good, may surpass its high Rs.228, TN Petro given at Rs.106 touched Rs.115 in just 4 days in highly negative market sentiment.
Jefferies on Shree Cement
Recommendation Buy; Target Price ₹33420, Earlier Target ₹35150
Miss on higher cost; Mgmt reiterates Value over Volume focus
Following weak Sep qtr, cut EBITDA est by ~3-5%
Stock outlook will improve only post any turnaround in Industry Cement prices in Mar qtr
Puravankara: Company bags Rs 212 crore order for SBR Global Queen’s Ville residential project. (Positive)
IFB Industries: CRISIL has revised the rating outlook to ‘Positive’ from ‘Stable’ & reaffirmed the ratings. (Positive)
European equity markets posted modest gains on Thursday, fueled by signs of a stabilising cease-fire between Israel and Iran and tempered by renewed scrutiny over the independence of the Federal Reserve (Fed) after critical remarks by Donald Trump.
Indian defence-sector equities including Sika Interplant Systems and Data Patterns (India) climbed up to 5 % after NATO nations committed to increasing defence expenditure.
Global equity markets entered a phase of relative calm after recent strong gains, as investors shifted from aggressive moves to watching signals more closely.
Key trends influencing the market:
Nestlé India Limited announced that its board has approved a bonus share issue in the ratio of one bonus equity share for every one fully-paid equity share held as on the record date. The move will be implemented by capitalising around ₹96.41 crore from the company’s retained earnings.
Orkla India Ltd, the owner of beloved food-brands such as MTR and Eastern, has opened its initial public offering (IPO) with a price band of ₹695 to ₹730 per share and a total issue size of ₹1,667.5 crore via a 100% offer-for-sale (OFS) of 2.28 crore shares. The subscription window runs from 29 October to 31 October 2025 with the shares expected to list around 6 November 2025.
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