{
  "id": 9293383,
  "title": "Meesho shares drop 4% after block deal worth Rs 900 crore. Should you buy the dip?",
  "url": "https://urgent.news/2026/09/23/meesho-shares-drop-4-after-block-deal-worth-rs-900-crore-should-you",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-23T06:20:38.000Z",
  "source": {
    "name": "The Economic Times - Top News",
    "slug": "the-economic-times-top-news",
    "url": "https://economictimes.indiatimes.com/markets/stocks/news/meesho-shares-drop-4-after-block-deal-worth-rs-900-crore-should-you-buy-the-dip/articleshow/134427534.cms"
  },
  "original_language": "en",
  "account": "Meesho's stock price experienced a decline of nearly 4% on Wednesday, reversing some of the sharp gains it made the previous day. The drop was triggered by a large block deal of around Rs 900 crore, which saw 3.86 crore shares traded at Rs 233 each. Following the news, Meesho shares fell to an intraday low of Rs 230.94 on the NSE, following its surge of nearly 10% earlier in the week after UBS raised its target price by 24% to Rs 260.\n\nUBS maintains its 'Buy' rating on Meesho, citing higher medium-term growth estimates and a stronger margin trajectory. The brokerage raised its FY29-31 Net Merchandise Value (NMV) estimates by 7-18%, alongside similar increases in contribution profit and EBITDA estimates. UBS attributes this optimism to the company's expanding seller and buyer base, coupled with rapid growth in SKUs and logistics partners. EBITDA estimates saw a significant 20-40% increase, reflecting the stronger medium-term margin trajectory.\n\nOther brokerages have differing opinions on Meesho's share price. Ventura Securities initiated coverage with a 'Buy' rating and a target price of Rs 278, highlighting India's e-commerce market entering a structural growth phase. CLSA, on the other hand, maintains its 'Underperform' rating and target price of Rs 150, believing the stock already accounts for overly optimistic projections for advertising revenue, order growth, and logistics savings.",
  "summary": "Meesho shares witnessed a dip on Wednesday after 3.86 crore shares changed hands in a block deal worth Rs 899.71 crore on the BSE. The transaction came a day after the stock surged nearly 10% following UBS’ 24% target price hike.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}