Meesho Shares Jump Over 6% After Jefferies Retains ‘Buy’ Rating

by · Inc42

SUMMARY

  • Meesho shares jumped 6.1% to ₹240.40 after Jefferies retained its ‘Buy’ rating with a ₹240 target price
  • The rally briefly pushed the stock above Jefferies’ target, leaving little implied upside despite the brokerage’s positive growth outlook
  • Jefferies cited management’s expectation of 25% NMV CAGR over five years, while Centrum Broking sees Meesho as a strong candidate for MSCI inclusion in November