Meesho shares rise 6.1% after Jefferies retains Buy rating
Meesho shares rose 6.1% to an intraday high of ₹240.40 on the BSE after Jefferies retained its ‘Buy’ rating with a target price of ₹240. At 12:00 IST the stock traded 5.8% higher at ₹239.70, giving Meesho a market capitalisation of ₹1.10 lakh crore (about $11.5 billion).
Meesho’s content commerce NMV grew 152% year‑on‑year in the 12 months ended August 2026, driven by 1.6 lakh active creators, with nano creators (under 10k followers) making up 90% of the base and 81% of creators from non‑metro areas.
Meesho is also among Centrum Broking’s high‑conviction candidates for inclusion in the MSCI India Global Standard Index in its November review, as reported by Moneycontrol last month.
What we know
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).
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.
On the financial front, Meesho’s consolidated net loss narrowed 54.1% to ₹132.8 Cr in Q1 FY27 from ₹289.4 Cr in the year-ago quarter.
Marketplace revenue rose 48% YoY to ₹3,707 Cr.