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LENSKART
Solutions shares fell nearly 5% on October 12 after 2.93 crore shares, representing 1.67% of the company’s equity, changed hands in block deals worth ₹1,895 crore at ₹647 per share. Meanwhile, Waterways Leisure Tourism shares jumped 9% after the company reported a strong turnaround in its Q2 FY27 results, moving from a loss to a consolidated profit.
The block deal in Lenskart involved approximately 2.93 crore shares, but the identities of the buyers and sellers were not disclosed in the report. The transaction value stood at ₹1,895 crore, with shares changing hands at ₹647 apiece. Large block deals can influence near-term sentiment as investors assess changes in shareholding and potential selling pressure.
In contrast, Waterways Leisure Tourism reported a consolidated profit of ₹58.5 crore in Q2 FY27, compared with a loss of ₹8.9 crore in the corresponding quarter last year. Revenue increased 30.9% year-on-year to ₹132.9 crore, supporting the stock’s rise. The return to profitability alongside revenue growth was the key trigger behind the positive market reaction.
For investors, the key factors to track are further disclosures on Lenskart’s block deal and whether Waterways Leisure can sustain its profit recovery in subsequent quarters. The two stocks moved in opposite directions because of different company-specific developments, with a large share transaction weighing on Lenskart while improved financial performance supported Waterways Leisure.#FundamentalViews#StockInNews
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