Lenskart: Ambit raises red flag on valuation, expects 21% downside – Here’s why
Lenskart Solutions, listed on November 10, is trading near its listing levels. Despite IPO valuation concerns, Ambit Institutional Equities rates it 'Sell' with a target price of Rs 339, while Jefferies rates it 'Buy' with a target price of Rs 500. Ambit thinks it's overvalued compared to peers, but Jefferies sees potential for growth.