Meesho Shares Jump Over 6% After Jefferies Retains ‘Buy’ Rating
Shares of Meesho rose 6.1% to an intraday high of ₹240.40 apiece on the BSE after Jefferies maintained its ‘Buy’…
Meesho's shares surged over 6% to a high of ₹240.40 each on the BSE after Jefferies kept its 'Buy' rating and set a target price of ₹240. The stock later settled 5.8% higher at ₹239.70, valuing the company at ₹1.10 lakh crore. Jefferies highlighted Meesho's 25% projected annual growth in merchandise value driven by user growth, increased orders, and better logistics efficiency.
The brokerage also noted rising margins, potential financial services opportunities, and expanding reach in higher-value categories as growth supports. Meesho's logistics arm Valmo, its value-led strategy, and metro city penetration were cited as key advantages. Centrum Broking is considering including Meesho in the MSCI India Global Standard Index, citing its free float and recent price gains.
Meesho reported a 152% year-on-year increase in content commerce merchandise value, driven by 1.6 lakh active creators, mostly from non-metro areas. Women's fashion dominated creator-led shopping, but the platform is expanding into electronics, personal care, and home goods. Meesho's net loss fell 54.1% in Q1 FY27 to ₹132.8 crore, and marketplace revenue grew 48% year-on-year to ₹3,707 crore.
The company expects marketing spend to rise in Q2 as it ramps up user acquisition ahead of the festive season.
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