Meesho reported a 12 times year-on-year increase in its net loss to ₹490.7 crore compared to ₹37.4 crore in the year-ago period
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Recently listed e-commerce firm reports higher logistics, employee and restructuring costs in the December quarter despite strong revenue growth
BofA expects Meesho to deliver a 26% Net Merchandise Value (NMV) CAGR over FY26-29, driven by 15% CAGR in new user additions and a 13% CAGR increase in order frequency.
JM Financial expects Meesho's profitability to be driven by higher advertising income and improved mark-ups as logistics costs for sellers decline
Meesho shares hit a 5 per cent lower circuit for the second straight session on Thursday after its general manager for business resigned
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Meesho is currently trading at 7.4 per cent above its listing price on BSE of ₹161.2 per share and 56 per cent above its issue price of ₹111 per share.
UBS has set a target price of ₹220 per share, while Choice Broking's target stands at ₹200, compared with the current price of around ₹225
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At the high point on Thursday, Meesho stock was up 110 per cent from the IPO price.
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Meesho stock rose as much as 19 per cent during the day to a new high of ₹214.4 per share, the best session since listing on December 10 this year
Share price of Meesho hit a new high of ₹193.5 on the BSE in Tuesday's intra-day trade, and has zoomed 74 per cent against its issue price of ₹111 per share.
Meesho shares listed at a 45 per cent premium and ended 53 per cent above the issue price, after its IPO was subscribed 79 times and raised Rs 5,421 crore for growth plans
Choice Equity Broking has initiated coverage on Meesho with a 'Buy' rating, citing the company's structural competitive Moats, strong monetisation runway, and accelerating path to profitability
The listing closely mirrored activity in the grey market, where the company's shares were quoted around ₹154 each, indicating a premium of ₹43, or 38.74 per cent over the issue price