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Asia

Meesho shares can rally to Rs 240? Why Motilal Oswal initiated coverage on the platform stock

Markets-Economic Times · 1h ago · 🇮🇳 India

Meesho shares can rally to Rs 240? Why Motilal Oswal initiated coverage on the platform stock

Motilal Oswal has begun coverage on Meesho, awarding it a buy rating along with a target price indicating strong potential. The brokerage believes that free cash flow will start manifesting from FY27, highlighting Meesho's asset-light model as a crucial factor for growth. The company's recent Q1 performance showed reduced losses and increased marketplace revenue, emphasizing its sensitivity to NMV growth and margin improvements.

Read the full story at Markets-Economic Times →

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