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

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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’ rating on the ecommerce company with a target price of ₹240.

At 12:00 IST, the stock had pared some gains to trade 5.8% higher at ₹239.70 apiece, giving Meesho a market capitalisation of ₹1.10 Lakh Cr (about $11.5 Bn). The day’s high briefly took the stock above the brokerage’s target price.

Jefferies cited Meesho management’s expectation of a 25% CAGR in net merchandise value (NMV) over the next five years, driven by user growth, higher order frequency, and improving logistics efficiencies.

The brokerage said improving contribution margins, potential opportunities in financial services, and growing penetration in higher-value categories could support sustained profitable growth.

It also identified Meesho’s value-led positioning, the scale of its logistics arm Valmo, and its reach beyond metro cities as key competitive advantages.

Meesho is also among Centrum Broking’s high-conviction candidates for inclusion in the MSCI India Global Standard Index in its November review, Moneycontrol reported last month. The brokerage cited the company’s free float and recent share-price gains as the reasons for potential inclusion. 

Separately, Meesho said in an exchange filing today that its content commerce NMV grew 152% YoY in the 12 months ended August 2026, supported by 1.6 Lakh active creators. Nano creators, with fewer than 10,000 followers, accounted for 90% of this base.

About 81% of its active creators were from non-metro areas, while Tier III and IV cities accounted for 66% of content commerce orders.


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