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Brokerages initiate coverage on Meesho, Bharti Airtel, 6 other stocks with up to 33% upside. Do you own any?
Brokerages have initiated coverage on eight Indian stocks, including Bharti Airtel and CG Power, with potential upside ranging up to 33%. Analysts are bullish on most of these companies, citing factors like network quality, capacity expansion, and diversified business exposure. However, one stock, Meesho, received an 'Underperform' rating due to concerns over deflating order values.
Meesho shares worth over ₹51,000 crore free up for trade; Jefferies sees 34% upside
Based on Tuesday's closing price, the value of the Meesho's shares that will free up for trade today is worth nearly ₹51,800 crore. Currently, Meesho commands a market cap of ₹76,630 crore.
Sensex Today | Stock Market LIVE Updates: GIFT Nifty trades lower; Jefferies initiates 'buy' for Meesho
Sensex Today | Stock Market LIVE Updates: The Nifty though, dragged by HDFC Bank and IT on Tuesday, would be hopeful that both put their hand up and enable a breakout for the index as well. A factor that bulls will take heart from is that Reliance Industries snapped a nine-day losing streak on Tuesday and if that rebounds from lower levels, it will be a big boost to the index.
Stock Picks Today: Bullish On Meesho, Max Financial, PhysicsWallah, NALCO On Brokerage Radar
Check out top stocks under brokerages' radar heading into trade today.
Meesho share price jumps after falling for eight straight sessions. Choice sees more upside
Meesho stock opened at ₹166.46 apiece today, as compared to the previous closing price of ₹165.34 on Thursday. Here's what's driving the stock, along with share price trend.
Sensex Today | Stock Market LIVE Updates: GIFT Nifty trades higher; Macquaire initiates coverage for Meesho
Sensex Today | Stock Market LIVE Updates: The focus today though, will be on the Nifty Bank due to the RBI policy decision and any potential measures announced beyond the policy statement with regards to the currency and bond markets.
Meesho shares sink for eighth consecutive session in longest post-listing sell-off. What’s driving the decline?
Meesho's shares continue to decline, dropping 5% to ₹166.60, wiping out 16.6% of its value. Lock-in expiry on June 9 may lead to significant selling pressure from early investors.
Meesho shares fall 4% in eighth straight day of losses, longest on record
Despite the recent correction, the stock continues to trade at a premium of more than 50% to its IPO price of ₹111 per share. Following the decline, Meesho's market capitalisation stood at ₹77,088 crore.
Meesho slips 4%; Choice flags lock-in expiry as near-term overhang
Choice Institutional Equities has maintained an 'Add' on Meesho with a target price of ₹210, based on 4x FY28 EV/Revenue, flagging the impending lock-in expiry on June 9, 2026, as a near-term overhang
Meesho partners with BSE to drive IPO readiness for MSMEs, digital sellers
E-commerce platform Meesho has partnered with the BSE to launch a new initiative aimed at helping micro, small and medium enterprises (MSMEs) and digital businesses transition into publicly-listed companies. The initiative, named 'Project Shikhar', was formalised through a Memorandum of Understanding (MoU) and aims to facilitate the listing of high-performing independent e-commerce sellers on the BSE SME platform, addressing their need for growth capital. BSE Managing Director and CEO Sundararaman Ramamurthy said the exchange pioneered the SME platform to give dynamic, job-creating businesses a direct route to capital markets. "Over the years, the BSE SME platform has enabled hundreds of MSMEs to list, raise growth capital and strengthen governance standards. This partnership with Meesho extends that ecosystem to digital-first entrepreneurs, helping e-commerce sellers become public companies," Ramamurthy said. A substantial segment of India's retail commerce operates in the informa
JM Financial retains 'Reduce' on Meesho; flags pre-IPO lock-in expiry risk
Given Meesho's premium valuation relative to domestic and global peers, the brokerage believes even partial monetisation by existing investors could create a meaningful supply overhang on the stock
Raja Venkatraman, MarketSmith recommend five stocks for 25 May
The Indian stock market closed higher on 24 May, driven by gains in banking stocks despite inflation and crude oil concerns. Recommended stocks for purchase include Sheela Foam, Max Financial, Poly Medicure, Meesho, and Dynamatic Technologies as they show potential for recovery and growth.