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Buy, Sell or Hold: Citi initiates buy on Meesho; Elara Capital recommends buy on Mahindra Logistics
Brokerages are selectively backing consumer, logistics, and e-commerce firms with strong growth prospects. Citi initiates coverage on Meesho with a 'Buy' rating, citing user growth and monetization potential. Elara Capital sees Mahindra Logistics as a turnaround success story poised for profit-driven compounding. However, HDFC Securities remains cautious on Nykaa, deeming its long-term growth and margin targets overly ambitious.
Raccontata da
economictimes.indiatimes.com
Timeline cronologica
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Meesho shares in focus as Citi initiates coverage with Buy rating. Here's why
Citi has initiated coverage on Meesho with a Buy rating and Rs 210 target, citing strong user growth, deep penetration beyond metros, and improving monetisation. The brokerage…
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Buy, Sell or Hold: Citi initiates buy on Meesho; Elara Capital recommends buy on Mahindra Logistics
Brokerages are selectively backing consumer, logistics, and e-commerce firms with strong growth prospects. Citi initiates coverage on Meesho with a 'Buy' rating, citing user…