Brokerages stack bullish calls on Meesho, PhysicsWallah, Lenskart, Eternal as consumer-tech re-rates
Jefferies tags Meesho Buy at TP Rs 225 on 25% NMV CAGR and Rs 277 bn NMV base. DAM Capital backs PhysicsWallah (TP Rs 140, 24% revenue CAGR), Macquarie Outperforms Lenskart (TP Rs 600, 35% EBITDA CAGR, 4,525 stores), Kotak Buys Eternal/Blinkit (TP Rs 2,250). JPMorgan stays Neutral on Colgate at FV Rs 385.
Brokerages initiate/maintain bullish calls across Indian retail and consumer names: Jefferies Buy on Meesho (TP Rs 225), DAM Capital Buy on PhysicsWallah, Macquarie Outperform on Lenskart, Kotak Buy on Eternal/Blinkit, JPMorgan Neutral on Colgate-Palmolive.