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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 gains 5% in trade amid heavy volume; Jefferies initiates 'Buy'
The buying on counter came after Jefferies initiated coverage on Meesho with a 'Buy' rating and a target price of ₹225 and amid large trades
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.
Macquarie initiates 'Underperform' rating on Meesho, sees 25% downside. Here's why
Macquarie has initiated coverage on Meesho with an ‘Underperform’ rating and a target price of Rs 125, implying nearly 25% downside. The brokerage believes declining average order values and modest per-order economics could limit profitability, despite strong user growth, improving engagement metrics, and the company’s focus on free cash flow.
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.
Meesho shares could fall another 24% after eight-day losing streak, Macquarie warns
According to Macquarie, the current valuation assumes that Meesho's growth drivers will remain highly effective over the next five years, while also factoring in significant improvements in platform monetisation.
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