← Top stories
Broker call▼ Bearish for Meesho
Rising competition, premium valuations may cap gains in Meesho stock
The brief
- Meesho's asset-light value-commerce model and Valmo logistics network are strengths
- Rising competition and premium valuations may cap gains in Meesho stock
- Valuation and competition risks directly affect Meesho shareholders and Indian e-commerce peers
- Stocks making the biggest moves midday: PB Fintech, Welspun Corp, Meesho, and more
- Welspun Corp hits record high, PB Fintech rebounds; Ola Electric, Meesho fall on Nifty500 market open
- YouTube expands India shopping affiliate network with Amazon, Meesho and AJIO
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
- Rising competition, premium valuations may cap gains in Meesho stock