Lenskart shares rise 4% as Macquarie initiates with Outperform. Check target, upside potential

Lenskart Solutions shares surged nearly 4% to Rs 427 after Macquarie initiated coverage with an Outperform rating and a Rs 530 target price, citing robust growth and a strong integrated supply chain. The company also reported a 20% year-on-year rise in consolidated profit after tax to Rs 102.22 crore in its first earnings post-IPO.