New Delhi, Feb. 20 -- Lenskart Solutions share price rallied over 3% on Friday after domestic brokerage firm Motilal Oswal initiated coverage on the stock with a bullish view. Lenskart shares gained as much as 3.18% to Rs.497.05 apiece on the BSE.

Motilal Oswal Financial Services (MOFSL) has initiated its coverage on Lenskart shares with a 'Buy' rating and a target price of Rs.600 per share, implying an upside potential of nearly 25% from Thursday's closing price.

Lenskart Solutions is India's largest vertically integrated, technology-led omnichannel eyewear platform, operating in a structurally underpenetrated category. According to MOFSL, the company's central manufacturing-led architecture, superior store economics, technology-driven...