Amidst the ongoing downturn in the stock market, the BSE Sensex showed a slight increase after opening trading, but then sharply fell by more than 250 points. Simultaneously, the Nifty index of the National Stock Exchange also started the trading session in negative territory. However, even amidst this general decline, shares of the eyeglass manufacturing company demonstrated impressive growth, increasing by approximately 7% immediately after opening.
On Thursday, the trading session began sluggishly. The BSE Sensex opened at 78,111, which was higher than the previous close of 77,966, but just two minutes later it corrected by 257 points, reaching 77,709. A similar situation was observed with the Nifty NSE index: after opening at a level close to the previous close of 24,435, it dropped to 24,316.
Despite the overall downward trend in the market, shares of LensKart Solutions, which provides vision care services and manufactures eyeglasses, demonstrated a sharp rise. LensKart Solutions shares made a strong surge, rising by approximately 7% from the previous close of 585 rupees, reaching the level of 626.95 rupees. This level became a new 52-week high for LensKart shares. Thanks to this growth, the company's market capitalization increased to 1.04 lakh crore rupees.
The main reason for such rapid growth in LensKart shares was the excellent financial results published by the company for the first quarter. In the first quarter of the fiscal year 27, LensKart's Profit After Tax (PAT) grew by 182.3% year-on-year, reaching 228 crore rupees. In the same quarter of the previous fiscal year, this figure was 61 crore rupees. Furthermore, operating income also grew by 33.6% year-on-year, amounting to 2,714 crore rupees compared to 1,894 crore rupees for the same period last year.
Among the stocks that experienced the largest decline in the market, in the category of large companies on the BSE were Titan Share, PowerGrid Share, and Reliance Stock, which traded with a decline of more than 1%. In the mid-cap category, the most noticeable decline was shown by BHEL Share, MFSL Share, and GMR Airport Share, which traded in negative territory. Among small companies, the main
