Veteran investor Shankar Sharma defended Lenskart’s IPO valuation, calling it fair at ~10x sales versus other tech IPOs, while critics argue the eyewear firm’s market remains niche and limited.
US stocks rebound on AI optimism revival; Dow rises 387 pts, Nasdaq, S&P 1%
Wall Street surged Monday, led by AI-related stocks like Meta and Nvidia, as Meta announced significant layoffs and Nvidia unveiled new components. Oil prices dipped