New Delhi, Dec. 1 -- Lenskart Solutions share price: Shares of Lenskart Solutions surged over 5% in intra-day trade on Monday, December 1, after strong Q2 results and initiation of coverage by global brokerage Jefferies.

Jefferies assigned a 'Buy' rating with a target price of Rs.500, signalling a potential 23% upside from current levels. The brokerage said Lenskart's unique structure, multi-channel operating model and measured expansion strategy create strong visibility for sustained earnings growth.

Jefferies highlighted the company's low penetration in a large and under-served market. In its report, the brokerage noted, "Lenskart, India's largest tech-driven eyewear retailer, holds just 5% market share, offering strong growth potenti...