Broker call▲ Bullish for Meesho
Meesho shares gain about 6% on Jefferies optimism and Q2 update
The brief
- Shares rose 6.1% to an intraday high of ₹240.40 on the BSE
- Jefferies retained its ‘Buy’ rating; reports also cite a strong Q2 update and potential MSCI inclusion
- The rally reflects optimism around Meesho’s growth and potential index inclusion for its investors
Meesho's Q2 content-commerce growth
Meesho shares rose up to 6% amid a strong Q2 update and potential MSCI inclusion. Content Commerce NMV more than tripled year on year, with 1.6 lakh active creators, 90% of them nano creators.
Tuesday, 6 October
- Meesho shares gain about 6% on Jefferies optimism and Q2 update