The stock was at Rs 392.3 as of 10:07 a.m. IST, valuing the eyewear retailer at Rs 676.25 billion ($7.69 billion). Rival Titan commands a valuation of $37.7 billion.
Analysts say the worry is that mutual funds — whose inflows are dominated by household money — may be paying steep valuations for startups yet to establish profitability.
Proceeds from the offering will be used to establish new company-owned, company-operated stores, invest in technology and cloud infrastructure, and fund general corporate purposes.
Simply having celebrities endorse a product isn’t enough; there has to be a personal touch. Just see what Vimal Pan Masala, Dream 11, CRED, and Manyavar ads have done.
For an industry globally classified as hazardous, protections such as health insurance and a provident fund for workers are necessities. In Sivakasi, they remain elusive.
The industry forecasts exports are set to grow 16% in 2025-26, boosted by surplus domestic production and a drive to push into 26 underserved global markets with strong potential.
Taylor ‘Fema’ Hiester, commander of USAF F-16 Viper Demo Team, hit out at air show organisers for continuing with the show after Wing Commander Namansh Syal lost his life in the incident.
It is a brilliant, reasonably priced, and mostly homemade aircraft with a stellar safety record; only two crashes in 24 years since its first flight. But its crash is a moment of introspection.
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