Alpha Wave sells 1.51% in Lenskart in bulk deal

Alpha Wave Ventures LP sold 1.51% of Lenskart Solutions Limited for Rs 1,704.8 crore at Rs 645.31 per share. Support is at Rs 625 and resistance at Rs 725. Lenskart Solutions Limited [

] saw a bulk deal in which Alpha Wave Ventures LP sold 2.64 crore equity shares, equal to 1.51% of its paid-up equity, for Rs 1,704.8 crore at an average price of Rs 645.31 per share. The sale was part of the 2.88% holding, equal to 5 crore shares, that Alpha Wave Ventures held as of September 2026. The stock rose about 80% after its listing and has since declined over 10% from its peak. A sale by an existing shareholder adds supply in the market, but by itself it does not bring funds to the company or change its business. In my view, the stock is in a pullback phase after the sharp post-listing rally. The average sale price of Rs 645.31 sits between the Rs 625 support and the Rs 725 resistance, which are the levels to watch. Rs 625 is the support, and a fall below it would put lower levels in view. A move above Rs 725, the resistance, would bring a recovery attempt into focus. Neutral stance while price trades between Rs 625 and Rs 725. Disclaimer: I do not hold any position in this. This content is for informational purposes only and is not a recommendation to buy or sell. Investments in securities are subject to market risks. Please read all related documents carefully before investing.