Lenskart s $821 million IPO sold out quickly, but its valuation has raised concerns about Indian startups being overvalued. Despite strong demand, analysts worry mutual funds are paying steep prices for unprofitable companies, echoing past IPO debacles like Paytm. While Lenskart s business is seen as scalable, its current valuation is considered stretched by some.

Gold prices rose on Monday as safe-haven demand strengthened amid US-China trade tensions, with MCX futures gaining over Rs 600. Analysts expect limited upside amid technical weakness and global cues.

Quest Investment Managers’ Rakesh Vyas expects Indian markets to break out of their consolidation phase as earnings rebound 12–13% over the next few quarters. He sees consumption leading the next growth cycle, with hospitality, real estate, and retail emerging as key sectors. FII outflows may reverse gradually as India’s earnings visibility and macro strength improve.

Indian stocks saw minimal movement on Monday as investors paused after October s strong rally. Modest profit-taking was balanced by stock-specific gains from quarterly earnings, maintaining steady sentiment. Broader markets, particularly midcaps and smallcaps, outperformed, while state-run banks led sector advances.

Thangamayil Jewellery shares soared 20% after Q2 profit rose to ₹58.5 crore from a ₹17.4 crore loss last year, driven by festive demand and record October sales of ₹1,032 crore. Revenue grew 45% YoY to ₹1,711 crore.

Zen Technologies shares surged on Monday after announcing two major contracts worth Rs 289 crore from India s Ministry of Defence. These contracts are for upgrading Anti-Drone Systems. The upgrades will be completed within a year. This development follows recent operations highlighting the need for advanced drone defence. The company aims to keep India ahead in defence technology.

BPCL reported a 170% YoY surge in Q2 net profit to Rs 6,191 crore, driven by improved refining margins, cost control, and government compensation for LPG under-recoveries, while revenue rose 3% YoY to Rs 1.21 lakh crore despite a sequential decline.

Capri Global MD Rajesh Sharma expects FY25 AUM growth of 40%, driven by branch expansion and tech efficiency, and targets ₹50,000 crore AUM by FY28. With a focus on secured gold and MSME lending, the company aims to sustain 4% ROA and 18% ROE while cutting its cost-to-income ratio to 40% over the next 18 months.