Meesho Ltd’s shares jumped 20%, fueled by strong analyst coverage and investor confidence. UBS initiated a ‘buy’ rating with a ₹220 target, while institutional investors added stakes. Following its blockbuster IPO debut, Meesho’s surge highlights optimism in India’s tech sector and its potential to scale profitably across rural markets.
Shares of Meesho Ltd (MEES.NS) witnessed a sharp rally, climbing 20% in recent trading sessions, driven by strong investor sentiment and positive analyst coverage. The e-commerce platform, known for democratizing online shopping across India’s tier-2 and rural markets, has become one of the most closely watched post-IPO stocks.
Key Highlights
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Stock Rally: Meesho’s shares surged by 20%, reflecting heightened investor confidence in its growth trajectory.
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Analyst Support: UBS recently initiated coverage with a ‘buy’ rating and target price of ₹220, citing Meesho’s large growth runway and visible path to profitability.
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Market Debut: Meesho’s IPO earlier this month was oversubscribed nearly 79 times, debuting at a 45% premium, underscoring strong demand.
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Growth Potential: Analysts highlight Meesho’s unique positioning in rural and semi-urban markets, where it continues to expand aggressively.
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Investor Interest: Institutional investors, including Fidelity, have disclosed fresh stakes, adding to the bullish outlook.
Why It Matters
Meesho’s sharp rise signals renewed optimism in India’s tech IPO space, with investors betting on its ability to scale profitably while tapping underserved markets. The rally underscores confidence in its long-term digital commerce strategy.
Sources: NDTV Profit, MintMint, TS2 Tech, Economic TimesThe Economic Times