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Nykaa, Lenskart remain long-term bets despite rich internet-stock valuations: Mayuresh Joshi

William O’Neil India’s Mayuresh Joshi says richly valued internet stocks still offer long-term potential. He retains Nykaa and Lenskart, citing their earnings, large addressable markets, digital scale and potential for operating leverage, with targets of around 350 and 710 respectively.

Newer report , , CNBC-TV18 : Nykaa and L’Oréal BOLD to back high-growth Indian beauty founders

  • Banaraswala: 3 → 50 outlets by March 2027
  • Nestle India: Sales +20.5% · Profit +36.3%

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Sector outlook: next decade

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