Meesho shares surge 5% as strong festive sales, Q2 biz update boost sentiment. Should you buy?
Meesho shares rallied as much as 5% after the company reported a 75% year-on-year jump in Day 1 orders during its Mega Blockbuster Sale 2026.
Orders on Meesho Mall surged over 200%, while creator-led commerce grew 3.7 times.
Meanwhile, Nomura initiated coverage with a Reduce rating, citing rising competition, while UBS raised its target price by 24% to Rs 260.
5News aggregated this summary from the outlet’s public feed. The full article, with all the context, is on economictimes.indiatimes.com — the content belongs to The Economic Times.
