Checked out Lenskart’s Q2 results over the weekend and the numbers looked pretty solid. Net profit jumped 20% YoY to ₹103.5 crore, and revenue was up 21% YoY. Expenses rose too, but overall the growth story still looks intact.
Since it’s a fresh IPO name and B2C companies generally see good momentum after posting strong earnings, I figured this could be a good spot for a long.
The chart also looked clean. Stock has been forming a nice base around the 420-430 zone and has started pushing up with good strength. I got in around ₹425 and I’m just tracking whether it can hold above the recent swing high. If it sustains, there’s room for a solid move.
Momentum seems to be back on this one. Curious if anyone else is tracking Lenskart or is it just too risky?
