{"id":14996,"date":"2026-06-11T06:06:20","date_gmt":"2026-06-11T06:06:20","guid":{"rendered":"https:\/\/lemonn.co.in\/blog\/finance\/lenskart-meesho-power-grid-stocks\/"},"modified":"2026-06-11T06:08:12","modified_gmt":"2026-06-11T06:08:12","slug":"lenskart-meesho-power-grid-stocks","status":"publish","type":"post","link":"https:\/\/lemonn.co.in\/blog\/market-updates\/lenskart-meesho-power-grid-stocks\/","title":{"rendered":"Lenskart, Meesho, Power Grid among key stocks to watch"},"content":{"rendered":"
\"Lenskart,<\/figure>\n\n\n

Indian equities are expected to open on a subdued note on Thursday as higher crude prices and geopolitical tensions weigh on sentiment, with focus on block deals, overseas fund-raising and rate actions in stocks such as Lenskart<\/strong>, Meesho<\/strong>, Power Grid<\/strong> and public-sector banks.<\/p>\n\n\n\n

Benchmark indices had ended mixed in the previous session, with the Sensex closing at 73,983.18<\/strong> and the Nifty 50 at 23,214.95<\/strong>, after late profit booking erased most intraday gains.<\/p>\n\n\n\n

Market overview<\/h2>\n\n\n\n
    \n
  • Sensex<\/strong> closed at 73,983.18<\/strong>, up 64.42 points or 0.09%.<\/li>\n\n\n\n
  • Nifty 50<\/strong> settled at 23,214.95<\/strong>, down 27.15 points or 0.12%.<\/li>\n\n\n\n
  • Profit booking in the last hour erased earlier intraday advances.<\/li>\n\n\n\n
  • Traders monitor crude oil spike and Middle East tensions for direction.<\/li>\n\n\n\n
  • Weak US and Asian cues likely to cap risk appetite at open.<\/li>\n<\/ul>\n\n\n\n

    Key corporate actions and deals<\/h2>\n\n\n\n
      \n
    • Lenskart Solutions<\/strong>: ADIA arm Platinum Jasmine to sell 2.3%<\/strong> stake via block deal.<\/li>\n\n\n\n
    • Block size estimated at \u20b91,944 crore<\/strong> at floor price \u20b9486<\/strong> per share.<\/li>\n\n\n\n
    • Platinum Jasmine held 12.08%<\/strong> in Lenskart as of March 2026.<\/li>\n\n\n\n
    • Meesho<\/strong>: Fidelity vehicles sold 5.97 crore<\/strong> shares, a 1.31%<\/strong> stake, via blocks.<\/li>\n\n\n\n
    • Aggregate Meesho deal value around \u20b9988 crore<\/strong> at about \u20b9165<\/strong> per share.<\/li>\n\n\n\n
    • FID FDI 2117 LLC sold 2.59 crore<\/strong> shares for \u20b9428.21 crore<\/strong>.<\/li>\n\n\n\n
    • FID FDI 312 LLC offloaded 3.38 crore<\/strong> shares for \u20b9559.93 crore<\/strong>.<\/li>\n\n\n\n
    • Sapphire Foods India<\/strong>: T. Rowe Price fund bought 24.62 lakh<\/strong> shares, 0.76%<\/strong> stake.<\/li>\n\n\n\n
    • Purchase value \u20b944.3 crore<\/strong>; Government of Singapore sold 21.8 lakh<\/strong> shares.<\/li>\n\n\n\n
    • Government of Singapore stake sale 0.67%<\/strong>, worth \u20b939.35 crore<\/strong>.<\/li>\n<\/ul>\n\n\n\n

      Banking and financials<\/h2>\n\n\n\n
        \n
      • Central Bank of India<\/strong> raised FCNR(B) deposit rates by up to 253 bps<\/strong>.<\/li>\n\n\n\n
      • New FCNR(B) rates now as high as 6%<\/strong> for 3\u20135-year tenors.<\/li>\n\n\n\n
      • Rate move aimed at attracting more foreign currency deposits.<\/li>\n\n\n\n
      • Punjab National Bank<\/strong> revised FCNR(B) rates up to 6.10%<\/strong> per annum.<\/li>\n\n\n\n
      • PNB targets mobilisation of nearly USD 2.5 billion<\/strong> via revised scheme.<\/li>\n\n\n\n
      • State Bank of India<\/strong>: analysts highlight focus on retail deposit growth in FY26.<\/li>\n\n\n\n
      • SBI retail savings and term deposits grew 12\u201315%<\/strong> year on year.<\/li>\n\n\n\n
      • Corporate salary accounts at SBI rose 11%<\/strong> in FY26, crossing 2 crore<\/strong>.<\/li>\n\n\n\n
      • SBI improved priority sector lending compliance, reducing PSL certificate purchases.<\/li>\n\n\n\n
      • Rural Infrastructure Development Fund assets remained stagnant since FY24.<\/li>\n<\/ul>\n\n\n\n

        Power and infrastructure<\/h2>\n\n\n\n
          \n
        • Power Grid Corporation of India<\/strong> board cleared SCADA system upgradation.<\/li>\n\n\n\n
        • SCADA and associated systems upgrade cost estimated at \u20b9485.04 crore<\/strong>.<\/li>\n\n\n\n
        • Power Grid approved unsecured term loan facility of JPY 80 billion<\/strong> from JBIC consortium.<\/li>\n\n\n\n
        • Venkata S V appointed as Chief Financial Officer<\/strong> effective 1 July.<\/li>\n\n\n\n
        • Vascon Engineers<\/strong> received LoI worth \u20b9347.43 crore<\/strong> from CPWD, Guwahati.<\/li>\n\n\n\n
        • Project involves demolition and redevelopment of RBI quarters in Guwahati.<\/li>\n\n\n\n
        • Vascon assignment to be executed on an EPC basis.<\/li>\n<\/ul>\n\n\n\n

          Metals, resources and overseas projects<\/h2>\n\n\n\n
            \n
          • Deccan Gold Mines<\/strong> signed Earn-In and Option agreement for Logrosan Tungsten Project, Spain.<\/li>\n\n\n\n
          • Deccan Gold to invest \u20ac1.76 million<\/strong> to acquire 51%<\/strong> in Logrosan Minera SL by March 2027.<\/li>\n\n\n\n
          • Options allow Deccan Gold to raise stake to 75%<\/strong>, then up to 95%<\/strong>, on milestones.<\/li>\n\n\n\n
          • CMR Green Technologies<\/strong>: Goldman Sachs India Equity Portfolio bought 19.41 lakh<\/strong> shares.<\/li>\n\n\n\n
          • CMR stake bought equals 0.88%<\/strong> at \u20b9256.64<\/strong> per share.<\/li>\n\n\n\n
          • Deal value in CMR Green about \u20b949.81 crore<\/strong>.<\/li>\n\n\n\n
          • ONGC<\/strong>: analysts project 3%<\/strong> production CAGR from FY26 to FY29.<\/li>\n\n\n\n
          • ONGC earnings CAGR estimated at 14%<\/strong>, driven by domestic gas and overseas turnaround.<\/li>\n\n\n\n
          • Over two decades, ONGC paid about USD 33 billion<\/strong> in dividends.<\/li>\n<\/ul>\n\n\n\n

            Consumer, auto and ed-tech<\/h2>\n\n\n\n
              \n
            • PPAP Automotive<\/strong> entered strategic partnership with Hutchinson<\/strong> for body sealing systems.<\/li>\n\n\n\n
            • Tie-up covers advanced body sealing for passenger vehicles in India.<\/li>\n\n\n\n
            • PPAP to access Hutchinson technology, engineering expertise and licensed know-how.<\/li>\n\n\n\n
            • Zee Entertainment Enterprises<\/strong> board approved fund-raise of at least \u20b92,300 crore<\/strong>.<\/li>\n\n\n\n
            • Zee plans multiple tranches to support strategic and business expansion.<\/li>\n\n\n\n
            • Max Financial Services<\/strong>: analysts see growth from diversified distribution at Axis Max Life.<\/li>\n\n\n\n
            • Sector valuations impacted by regulatory headwinds, but fundamentals seen resilient.<\/li>\n\n\n\n
            • Physicswallah<\/strong>: analysts expect 24%<\/strong> revenue CAGR and 71%<\/strong> EBITDA CAGR FY26\u2013FY28.<\/li>\n\n\n\n
            • Growth drivers include online category expansion and maturing offline Vidyapeeth centres.<\/li>\n<\/ul>\n\n\n\n

              Analyst commentary<\/h2>\n\n\n\n
                \n
              • ONGC viewed as capable of doubling historical dividend payouts over next 20 years.<\/li>\n\n\n\n
              • Meesho described as scale-led value commerce platform focused on affordability and logistics.<\/li>\n\n\n\n
              • Physicswallah highlighted as ed-tech player scaling without heavy P&L strain.<\/li>\n\n\n\n
              • SBI annual report cited for operations re-engineering and new business loan variants.<\/li>\n<\/ul>\n\n\n\n

                FAQs<\/h2>\n\n\n\n

                Q: Why are Lenskart and Meesho in focus today?<\/strong><\/p>\n\n\n\n

                  \n
                • Both saw large secondary block deals, with an ADIA arm selling in Lenskart and Fidelity exiting Meesho.<\/li>\n<\/ul>\n\n\n\n

                  Q: What is driving attention to PSU banks like PNB and Central Bank?<\/strong><\/p>\n\n\n\n

                    \n
                  • They sharply raised FCNR(B) deposit rates, targeting higher foreign currency inflows amid RBI measures.<\/li>\n<\/ul>\n\n\n\n

                    Q: How is Power Grid planning to fund its capex?<\/strong><\/p>\n\n\n\n

                      \n
                    • It approved a JPY 80 billion<\/strong> unsecured term loan from JBIC-linked lenders alongside a \u20b9485 crore SCADA upgrade.<\/li>\n<\/ul>\n\n\n\n

                      Frequently Asked Questions<\/h2>\n\n\n\n

                      Why are Lenskart and Meesho in focus today?<\/h3>\n\n\n\n

                      Both saw sizeable secondary block deals, with an ADIA vehicle selling a 2.3% Lenskart stake and Fidelity funds offloading 1.31% in Meesho.<\/p>\n\n\n\n

                      What recent steps have PSU banks taken on foreign currency deposits?<\/h3>\n\n\n\n

                      Central Bank of India and Punjab National Bank have raised FCNR(B) rates up to about 6\u20136.1% to attract more overseas deposits.<\/p>\n\n\n\n

                      What are the key board decisions at Power Grid Corporation?<\/h3>\n\n\n\n

                      Power Grid approved a \u20b9485.04 crore SCADA upgrade, a JPY 80 billion term loan facility, and appointed Venkata S V as CFO from 1 July.<\/p>\n","protected":false},"excerpt":{"rendered":"

                      Indian market may open soft as crude rises and global cues weaken. Lenskart, Meesho, Power Grid, ONGC, SBI, PNB and Zee in focus on June 11.<\/p>\n","protected":false},"author":15,"featured_media":14997,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","_ayudawp_aiss_exclude":false,"_ayudawp_aiss_summary":"Indian equities are expected to open on a subdued note on Thursday as higher crude prices and geopolitical tensions weigh on sentiment, with focus on block deals, overseas fund-raising and rate actions in stocks such as Lenskart, Meesho, Power Grid and public-sector banks. Both saw sizeable secondary block deals, with an ADIA vehicle selling a 2.3% Lenskart stake and Fidelity funds offloading 1.31% in Meesho. Power Grid approved a \u20b9485.04 crore SCADA upgrade, a JPY 80 billion term loan facility, and appointed Venkata S V as CFO from 1 July.","_ayudawp_aiss_summary_provider":"extractive","_ayudawp_aiss_summary_hash":"9e5798b9dd8bb134d68330903e00f36e1815ff5f","footnotes":""},"categories":[512],"tags":[],"class_list":["post-14996","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-updates"],"blocksy_meta":[],"uagb_featured_image_src":{"full":["https:\/\/lemonn.co.in\/blog\/wp-content\/uploads\/2026\/06\/lenskart-meesho-power-grid-stocks-banner.png",1200,640,false],"thumbnail":["https:\/\/lemonn.co.in\/blog\/wp-content\/uploads\/2026\/06\/lenskart-meesho-power-grid-stocks-banner-150x150.png",150,150,true],"medium":["https:\/\/lemonn.co.in\/blog\/wp-content\/uploads\/2026\/06\/lenskart-meesho-power-grid-stocks-banner-300x160.png",300,160,true],"medium_large":["https:\/\/lemonn.co.in\/blog\/wp-content\/uploads\/2026\/06\/lenskart-meesho-power-grid-stocks-banner-768x410.png",768,410,true],"large":["https:\/\/lemonn.co.in\/blog\/wp-content\/uploads\/2026\/06\/lenskart-meesho-power-grid-stocks-banner-1024x546.png",1024,546,true],"1536x1536":["https:\/\/lemonn.co.in\/blog\/wp-content\/uploads\/2026\/06\/lenskart-meesho-power-grid-stocks-banner.png",1200,640,false],"2048x2048":["https:\/\/lemonn.co.in\/blog\/wp-content\/uploads\/2026\/06\/lenskart-meesho-power-grid-stocks-banner.png",1200,640,false],"web-stories-poster-portrait":["https:\/\/lemonn.co.in\/blog\/wp-content\/uploads\/2026\/06\/lenskart-meesho-power-grid-stocks-banner-640x640.png",640,640,true],"web-stories-publisher-logo":["https:\/\/lemonn.co.in\/blog\/wp-content\/uploads\/2026\/06\/lenskart-meesho-power-grid-stocks-banner-96x96.png",96,96,true],"web-stories-thumbnail":["https:\/\/lemonn.co.in\/blog\/wp-content\/uploads\/2026\/06\/lenskart-meesho-power-grid-stocks-banner-150x80.png",150,80,true]},"uagb_author_info":{"display_name":"Team Lemonn","author_link":"https:\/\/lemonn.co.in\/blog\/author\/yudh\/"},"uagb_comment_info":0,"uagb_excerpt":"Indian market may open soft as crude rises and global cues weaken. Lenskart, Meesho, Power Grid, ONGC, SBI, PNB and Zee in focus on June 11.","_links":{"self":[{"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/posts\/14996","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/comments?post=14996"}],"version-history":[{"count":1,"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/posts\/14996\/revisions"}],"predecessor-version":[{"id":14998,"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/posts\/14996\/revisions\/14998"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/media\/14997"}],"wp:attachment":[{"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/media?parent=14996"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/categories?post=14996"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/tags?post=14996"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}