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Meesho Shares Rise After Large Block Deal and Fresh Brokerage Coverage
Meesho shares gained around 2 percent after a block deal involving 9.3 crore shares worth approximately Rs 1,540 crore was executed following the expiry of the company's six-month shareholder lock-in period. The stock also received a Buy rating from Jefferies with a target price of Rs 225, while recent brokerage views remain divided on valuation.
By Finblage Editorial Desk
3:45 pm
10 June 2026
Shares of Meesho Ltd rose nearly 2 percent in early trading on Wednesday after a large block deal involving approximately 9.3 crore shares was executed on the exchanges. The transaction, valued at around Rs 1,540 crore, represented about 2 percent of the company's equity and came shortly after the expiry of the six-month shareholder lock-in period.
Following the lock-in expiry on June 10, a significant portion of the company's pre-IPO shareholding became eligible for trading. According to data compiled by Nuvama Alternative & Quantitative Research, nearly 68 percent of Meesho's outstanding equity became eligible for sale after the lock-in ended. However, eligibility to trade does not necessarily indicate that investors intend to sell their holdings immediately.
Meesho's stock traded around Rs 170 during the session, reflecting a gain of approximately 53 percent over its IPO issue price of Rs 111. The company was listed on Indian stock exchanges in December 2025.
Adding to investor interest, brokerage Jefferies initiated coverage on the stock with a Buy rating and a target price of Rs 225 per share. The target implies a potential upside of about 33 percent from prevailing market levels.
Jefferies highlighted Meesho's value-commerce business model, supported by a broad network of micro, small and medium enterprises. The brokerage expects continued user growth and improving monetisation as the platform scales further. It forecasts net merchandise value growth of around 25 percent CAGR through FY30 and expects EBITDA margins to reach approximately 3 percent by FY30.
The brokerage also pointed to the company's net cash position, which it believes provides financial flexibility to support future expansion and growth initiatives.
The positive initiation follows a contrasting view from Macquarie, which recently started coverage on Meesho with an Underperform rating and a target price of Rs 125, citing concerns over valuation.
Meesho has remained closely watched by investors since its stock market debut. In May, the company reported a substantial reduction in quarterly losses along with strong revenue growth, leading to favorable reactions from several market participants and brokerages.
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