Meesho jumps 5% as Jefferies opens with 'Buy', Rs 225 target post Rs 1,540 crore block deal
Shares rallied after a 9.3 crore share block deal worth Rs 1,540 crore cleared post lock-in expiry. Jefferies initiated coverage with a 'Buy' call and Rs 225 target, implying 33% upside, projecting 25% NMV CAGR and 3% EBITDA margin by FY30. Market cap stands at Rs 76,516 crore.
Meesho shares rallied 5% after a Rs 1,540 crore block deal post lock-in expiry, with Jefferies initiating 'Buy' at Rs 225 target, projecting 25% NMV CAGR and 3% EBITDA margin by FY30.