{
  "id": 4580315,
  "title": "Lenskart shares to rally 40%? Nomura initiates coverage with Buy, says its growth journey has just started",
  "url": "https://urgent.news/2026/08/31/lenskart-shares-to-rally-40-nomura-initiates-coverage-with-buy-says",
  "topic": "business",
  "section": "Business",
  "published": "2026-08-31T03:58:05.000Z",
  "source": {
    "name": "The Economic Times - Top News",
    "slug": "the-economic-times-top-news",
    "url": "https://economictimes.indiatimes.com/markets/stocks/news/lenskart-shares-to-rally-40-nomura-initiates-coverage-with-buy-says-its-growth-journey-has-just-started/articleshow/133641032.cms"
  },
  "original_language": "en",
  "account": "Nomura initiated coverage on Lenskart shares with a 'Buy' recommendation, projecting a 40% upside potential from the stock's previous closing price. The eyewear retailer's shares jumped around 3% on Monday following the announcement. Nomura highlighted that Lenskart has a long runway for growth, with over 10,000 planned stores, of which only 27% have been developed so far. The company holds a significant market share of 5% in India's fragmented and unorganized prescription eyewear market, double the second player's market share. Nomura credits Lenskart's success to its strong moat, scalable business model with end-to-end vertical integration, and cost structure that is 35-40% lower than the industry average. The brokerage expects Lenskart's growth journey to continue as the company aims to open 10,000 stores over the next 15 years, starting from around 2,700 stores in FY26. Additionally, Lenskart shares will be included in the MSCI index, potentially attracting inflows worth $352 million.",
  "summary": "Lenskart has emerged from challenger to market leader, with Nomura initiating coverage with a ‘Buy’ rating and Rs 888 target, implying around 40% upside. The brokerage sees a long growth runway driven by store expansion, strong market positioning, vertical integration and a cost advantage, while MSCI inclusion could also attract passive inflows.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}