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Broker call● Neutral for Meesho
Price Action: Meesho down 4% as Nomura keeps 'reduce' rating; LCC Projects jumps 4% on project win
| Stock | Traded | That day | vs Nifty | Volume | Since |
|---|---|---|---|---|---|
| LCCPROJECT | Fri, 25 Sept | +3.4% | +3.1% | 0.9× | +3.4% · Nifty +0.3% |
| MEESHO | Fri, 25 Sept | −6.8% | −7.1% | 1.3× | −6.8% · Nifty +0.3% |
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Meesho valuation and competition concerns
Nomura initiated coverage of Meesho with a Reduce rating and ₹167 target, implying 28% downside. Reports cited the company’s asset-light model, Valmo logistics network and growth potential, alongside rising competition and premium valuation risks.
Friday, 25 September
- Price Action: Meesho down 4% as Nomura keeps 'reduce' rating; LCC Projects jumps 4% on project win