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CLSA sees 29% downside in Meesho despite a 19% YTD rally. Buy, sell or hold?
CLSA maintained an Underperform rating on Meesho with a Rs 150 target, citing stretched valuations and optimism around advertising monetisation, order frequency and logistics savings. The brokerage sees significant downside if these growth drivers fail to meet market expectations.
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thehindubusinessline.com
Broker’s call: Meesho (Buy)
Ambit Capital recommends buying Meesho with a target price of ₹265, citing strong growth potential in e-commerce.
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economictimes.indiatimes.com
CLSA sees 29% downside in Meesho despite a 19% YTD rally. Buy, sell or hold?
CLSA maintained an Underperform rating on Meesho with a Rs 150 target, citing stretched valuations and optimism around advertising monetisation, order frequency and logistics…