Lenskart IPO: Peyush Bansal & Co Have Made Profit Appear Like A Rabbit Out Of Hat: Shankar Sharma

Veteran market expert Shankar Sharma offered a sharp critique of Lenskart's pre-IPO financial strategy, arguing that the company made a "fundamental mistake" by reporting a recent profit. According to Sharma, Lenskart's profit appears to have been conjured up "like a rabbit out of a hat," potentially misleading investors about the company's true financial health. Sharma argues that this profit figure has led to a price-to-earnings multiple that might not be sustainable.