Shares of Lenskart remained in focus after a large block deal worth approximately Rs 2,873 crore was executed on the exchanges. According to exchange data, around 5.65 crore shares changed hands at a price of Rs 508.50 per share in the block deal window, representing nearly 3.25 percent of the company's outstanding equity.

The transaction comes amid heightened investor interest in the eyewear retailer following its public listing and continued focus on growth and profitability. While details of the buyers and sellers were not immediately disclosed, the size of the transaction makes it one of the notable secondary market trades involving the company in recent months.

Despite the significant trading activity, Lenskart shares declined during the session as investors assessed the implications of the stake sale. Large block transactions often create short-term pressure on stock prices due to concerns over additional supply entering the market. Market participants also remain watchful of stake sales by early investors following lock-in expiries.

The development comes shortly after global brokerages CLSA and Bank of America initiated coverage on Lenskart with positive recommendations, citing the company's strong brand positioning, expanding store network, technology-led business model, and long-term growth prospects in the organized eyewear market.

Lenskart has also reported robust operational performance in recent quarters, supported by strong revenue growth, improving profitability, and expansion across domestic and international markets. The company continues to focus on increasing its retail footprint and strengthening its omnichannel capabilities to drive future growth.