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Menlo Ventures on AI slowdown; Ola Electric CEO pledges stake
Happy Monday! Menlo Ventures, an early Anthropic backer, says the real AI constraint is compute, not a slowdown in frontier models. This and more in today's ETtech Morning Dispatch.
Listed startups unlock Rs 25,000 crore for VC, PE investors
An ET analysis of National Stock Exchange (NSE) and BSE block and bulk deal disclosures across 18 new-age companies shows sales by investors including Japan’s SoftBank group and venture capital firms Peak XV Partners, Elevation Capital and Accel.
Morgan Stanley raises Lenskart target price to Rs 718; bull case implies 41% upside. Here’s why
Lenskart Solutions reported a 182.3% YoY rise in Q1 FY27 net profit to Rs 228 crore, while revenue grew 33.6% to Rs 2,214 crore. EBITDA margin improved to 21.7%, with growth across domestic and international markets. The company also reported strong demand for both affordable and premium eyewear, highlighting the scaling potential of its international business.
Motilal Oswal sees 4 factors boosting risk-reward after market’s sharp fall from 2024 high, lists 27 stock picks
Motilal Oswal Financial Services sees improving risk-reward for Indian equities as valuations cool, earnings recover and domestic liquidity remains strong. The brokerage also highlights sectoral rotation and names 27 stocks across large-, mid- and small-cap segments as top ideas.
New indicator for New India: 25 stocks whose numbers can reveal what is in store for the economy and the stock market
For decades, there was a familiar way to understand the Indian consumer. Economists waited for GDP, industrial production, inflation, credit growth and other official numbers, and then used them to work out whether households were spending more or pulling back. Those indicators still matter. But the Indian consumer has changed faster than the dashboard used to track consumption and spending patterns. Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components – earnings, fundamentals, relative valuation, risk, and price momentum – to generate standardised scores. SR+ Reports is a complimentary offering to ETPrime members.
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Ahead of Market: 10 things that will decide stock market action on Tuesday
Indian equities gained on Monday as cooling oil prices and positive global cues lifted sentiment. Sensex rose 564 points to 74,859, while Nifty gained 68 points to 23,414. Market capitalisation increased nearly Rs 2 lakh crore, despite mixed market breadth.
Lenskart shares drop 3% after 3 crore shares change hands in block deal; Platinum Jasmine likely seller
Lenskart Solutions shares fell over 3% to Rs 683 after a massive block deal worth Rs 2,047 crore saw 3.53 crore shares change hands. Platinum Jasmine is likely the seller offloading a 1.7% stake. Despite today's drop, the stock remains up over 58% in 2026.
Stocks in news: RVNL, Lenskart, Mazagon Dock, Maruti Suzuki India and Nestle India
Indian equities concluded Friday's session with marginal gains, supported by softer crude prices. Several companies like RVNL and Mazagon Dock are expected to be in focus on Monday. RVNL secured a significant order from East Coast Railway for railway line works. Mazagon Dock plans a substantial investment in a new shipyard project. Lenskart Solutions is anticipated to see a large block deal transaction.
Ahead of Market: 10 things that will decide stock market action on Monday
Indian equities extended their recovery, with Nifty gaining 0.33% as moderation in crude and global yields supported sentiment. Sensex slipped 0.03%, while broader markets outperformed. Here are 10 key factors that could influence Friday’s market action.
Lenskart block deal: Rs 2,047 crore stake sale likely; Platinum Jasmine may offload 1.7% holding
Bitcoin has gained 61.7% over five years, outperforming Ethereum and Solana, which declined 26.2% and 27.9%. Analysts attribute Bitcoin’s lead to institutional adoption, ETF flows, liquidity and scarcity, while Ethereum and Solana remain more sensitive to network activity and crypto narratives.
HDFC Bank shares fall 2% to fresh 52-week low despite victory in Credit Suisse AT1 bonds cases in Bahrain
HDFC Bank shares fell despite the rejection of all seven Bahrain cases linked to Credit Suisse AT1 bonds. The stock remains under pressure amid governance concerns, recent losses and investor focus on earnings, while brokerages maintain positive views.
Ahead of Market: 10 things that will decide stock market action on Friday
Indian markets ended higher after Sensex and Nifty reversed losses during the closing auction, snapping a three-session decline. Crude above $102, weak global cues and rising yields kept sentiment cautious, while Nifty formed a hammer and stocks showed buying interest.
Weekly Top Picks: These stocks scored 10 on 10 on Stock Reports Plus
Stock Reports Plus, powered by Refinitiv, undertakes detailed company analysis for 4,000+ listed stocks. In addition to detailed company analyses, the report also collates analysts’ forecasts and trend analysis for each component. An average score in Stock Reports Plus is calculated by undertaking quantitative analysis of five key investment tools – earnings, fundamentals, relative valuation, risk, and price momentum.
Ahead of Market: 10 things that will decide stock market action on Monday
Indian benchmark indices ended slightly higher on Friday, with the Sensex rising 363 points and Nifty closing below 23,898. Investors monitored global market cues, US economic data, and inflation reports, while stock-specific action drove intraday activity across major sectors in a sideways-moving market environment.
Ahead of Market: 10 things that will decide stock market action on Thursday
Indian equities plunged nearly 1% before recovering, as escalating US-Iran tensions, soaring crude prices and global bond stress battered sentiment. Sensex closed 374 points lower, while Nifty fell 141 points, with analysts warning of continued bearishness below 24,000.
WestBridge books 2.6x return on Rs 130-crore partial PhysicsWallah exit
WestBridge began monetising its holding in PhysicsWallah as the stock recovered from its post-listing lows. It is likely to continue trimming its stake in the current quarter, people aware of the matter told ET.
Ahead of Market: 10 things that will decide stock market action on Tuesday
Indian markets fell as rising US bond yields, hawkish Fed signals, renewed US-Iran tensions and crude above $90 pressured sentiment, while broader indices declined and technical indicators pointed to continued near-term volatility.
Kaynes Tech, Wockhardt, Persistent Systems shares fall up to 5% as broader markets tumble. What lies ahead?
The stock market saw marked declines on Monday, particularly among smallcap and midcap shares. Persistent Systems and National Aluminium Company experienced prominent losses, contributing to the negative performance of the Nifty Midcap 100 and Smallcap 100 indices. Influenced by the Federal Reserve's remarks and increasing oil prices, investors are pivoting to prioritize growth opportunities over traditional value stocks.
Lenskart shares to rally 40%? Nomura initiates coverage with Buy, says its growth journey has just started
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.
Stocks in news: HDFC Bank, Ola Electric Mobility, NBCC and Knowledge Realty Trust
Indian equity markets closed higher on Friday, ending a losing streak with IT stock gains. HDFC Bank's CEO will not seek reappointment, while Mahindra & Mahindra expanded its EV battery service. Ola Electric received incentives, and Knowledge Realty Trust saw an offer for sale launch. NBCC signed an infrastructure project deal with NHPC, and KP Green Engineering secured new orders.
Lenskart Rs 1,857-crore block deal: Goldman Sachs, Morgan Stanley, ICICI Prudential, SBI MF among buyers as Alpha Wave exits
Lenskart Solutions experienced institutional transactions totaling Rs 1,857 crore on August 28. Numerous domestic and global investors purchased shares at Rs 630 apiece from sellers. The company's shares closed at Rs 636.15 on the NSE, down slightly from the previous day. Lenskart's stock has gained 45.06% year-to-date in 2026. The eyewear company debuted on the stock market in November 2025.
Lenskart shares fall 1.5% after Rs 1,856 crore stake change hands in block deal, Alpha Wave Ventures likely seller
Lenskart Solutions shares fell 3% after Alpha Wave Ventures sold up to 2.1 crore shares, or a 1.2% stake, worth Rs 1,313 crore through a block deal. The transaction comes days after SoftBank sold a 2.6% stake worth about Rs 2,888 crore in the eyewear retailer. Spark Institutional Equities and Kotak Securities are handling the Alpha Wave transaction.
Startup block-deal rush puts private valuations to the cash test
A rush of block deals in newly listed Indian startups is putting private-market valuations to the test. Early investors in Groww and Meesho have made standout returns, while late-stage investments have delivered mixed outcomes. As IPO lock-ins expire, public-market price discovery is showing which private valuations hold up and how investors are cashing out.
Lenskart shares block deal: Alpha Wave Ventures II likely to sell 1.2% stake worth Rs 1,313 crore
Alpha Wave Ventures II plans to sell up to 20.8 million Lenskart shares worth ₹1,313 crore at ₹630 apiece, a 1.7% discount. The secondary transaction represents about 1.2% stake, with Lenskart receiving no proceeds from the sale.
From IPO mockery to Rs 1 lakh crore m-cap: Why investors are still betting on Lenskart’s vision
Lenskart’s IPO valuation drew sharp criticism from investors, with its 230x P/E and 10.5x sales multiples sparking comparisons with expensive listings such as Mamaearth, Paytm and Nykaa. Retail investors mocked the Rs 70,000-crore valuation on social media, questioning whether the eyewear company offered enough upside. Less than a year later, the debate over Lenskart’s valuation has taken a new turn.
SoftBank sells Lenskart shares worth Rs 2,888 crore, aggregate returns at 5.7x
This is SoftBank’s second large block sale in Lenskart since the six-month lock-in for pre-IPO investors expired in May. In June, it sold a 3.25% stake for Rs 2,873 crore at Rs 508.55 per share. It had earlier sold shares worth Rs 1,026 crore through Lenskart’s November 2025 IPO.
SoftBank pares nearly 2.6% stake in Lenskart for Rs 2,888 crore
SoftBank Group has sold a 2.6% stake in Lenskart for Rs 2,888 crore. This transaction reduced SoftBank's holding to 7.28% from 9.86%. Abu Dhabi Investment Authority's Platinum Jasmine Trust remains Lenskart's largest public shareholder. Many institutional investors, both domestic and foreign, participated in the block deal. Lenskart Solutions shares closed slightly lower on the BSE after the transaction.
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