Lenskart jumps 6% after HSBC raises outlook on growth
In short
Lenskart shares rose 6% after HSBC changed its view on the company. HSBC said it now expects better margin growth in India and sees the overseas business as a bigger chance for growth than before.
This matters for investors because the stock moved sharply on the new view.
What the reporting says
Lenskart shares surged 6% after HSBC revised its expectations for margin expansion in India and said international operations now look like a larger growth opportunity.
Why it matters
Lenskart shares rose 6% after HSBC updated its expectations, saying margin expansion in India looks better and the international business is now a bigger growth opportunity.