CLSA sees 29% downside in Meesho despite a 19% YTD rally. Buy, sell or hold?
CLSA maintained an Underperform rating on Meesho with a Rs 150 target, citing stretched valuations and optimism around advertising monetisation, order frequency and logistics savings. The brokerage sees significant downside if these growth drivers fail to meet market expectations.
We haven't written up this one. The Economic Times - Top News has the full story — the link below goes straight to it.