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.
HDFC Bank's Managing Director, Sashidhar Jagdishan, has opted against reappointment, prompting brokerages to uphold their positive stance on the bank's stock. In light of this announcement, the board has hastened efforts to find a suitable successor. Analysts appreciate this proactive approach as it alleviates concerns and promises potential value. Investors’ attention now shifts to the upcoming leadership transition and its expected impact on future growth prospects.
On August 28, four Nifty500 stocks that gained over 6% appeared on the ‘White Marubozu’ bullish scanner, according to StockEdge’s technical scan data. The pattern indicates strong buying pressure throughout the trading session and can signal potential upward price momentum.
Three SME IPOs open for subscription today and will remain open until September 2. Ashutosh Fibre and Shanti Inorganics are attracting strong grey market premiums of around 40% and 37%, respectively, while Phychem Technologies commands a more modest 5% premium.
If you look at India over a long period, the country has done well. However, the past two or three years have presented several challenges, including tariff-related and war-related issues.
Priority Jewels IPO enters Day 2 with strong investor demand, after the issue was subscribed 1.93 times on Day 1. Retail investors subscribed 3.07 times, while the grey market premium stood at 23%, signalling potential listing gains. Priced at Rs 190–200 per share, the Rs 91.05-crore IPO closes on September 1, with analysts recommending subscription for the long term.
ESDS Software Solution IPO entered its second day with strong investor demand, after the issue was subscribed 2.10 times on Day 1. Retail investors subscribed 2.69 times, while the grey market premium stood at around 78%, signalling expectations of a strong listing. The Rs 720-crore IPO, priced at Rs 408-429 per share, closes on September 1.
MF Performance
Major Indices
