Citi initiates Meesho Buy at Rs 210 TP; Investec backs Vishal Mega Mart on 18% revenue CAGR
Brokerage roundup turns constructive on India retail: Citi opens Meesho coverage with Buy (TP Rs 210) on marketplace differentiation, Investec rates Vishal Mega Mart Buy (TP Rs 144) projecting 10% SSSG and 13% store additions driving 18% revenue CAGR through FY26-29. JPM overweight LG India (TP Rs 1620); Jefferies Hold Blue Star (TP Rs 1735) on 25-30% RAC growth.
Brokerage roundup: Citi initiates Meesho Buy (TP Rs 210) citing marketplace differentiation; Investec initiates Vishal Mega Mart Buy (TP Rs 144) on 18% revenue CAGR; JPM overweight LG India; Jefferies Hold on Blue Star with RAC and data center tailwinds.