16% cut from IPO price? Lenskart gets a ‘Sell’ from Ambit just before listing
Eyewear retailer Lenskart, one of the most anticipated IPOs of 2025, has received a “Sell” rating from Ambit Capital just ahead of its market debut. The brokerage, which initiated coverage on the stock, said that while the company’s long-term growth potential is intact, its current valuations leave little room for upside. Ambit’s target price of … Read more