Meesho Shares Jump 6% Following Jefferies ‘Buy’ Rating Reaffirmation

6 Oct 2026, 1:07 pm · 3h ago · 1 min read · Inc42New

Shares of ecommerce major Meesho climbed over 6% to reach an intraday high of ₹240.40 on the BSE after Jefferies reaffirmed its ‘Buy’ rating with a ₹240 price target. The brokerage highlighted Meesho’s expected 25% annual net merchandise value growth over five years, supported by logistics platform Valmo and deep penetration in non-metro regions. The company’s market capitalisation touched ₹1.10 lakh crore ($11.5 billion). Separately, Meesho reported that its content commerce NMV surged 152% year-on-year for the period ending August 2026, driven by an expanding base of 1.6 lakh active creators.