Meesho Shares Surge after Positive Analyst Coverage
Meesho shares witnessed a remarkable increase, hitting the 20% upper circuit in the early hours of trading on Tuesday. This growth followed global brokerage UBS starting coverage on the stock with a Buy recommendation, generating significant buying momentum. The stock remained locked at its upper circuit limit during the intraday session, with minimal selling activity, indicating heightened investor enthusiasm after UBS’s announcement.
According to market data, Meesho’s shares rose to approximately Rs 216 on the NSE, enabling one of its sharpest one-day increases since its market debut. In its initiation report, UBS pointed out Meesho’s distinctive business strategy and improving operational execution, highlighting its emphasis on value-driven consumers in Tier II and Tier III regions. The brokerage underlined the firm’s zero-commission marketplace model and efficient cost structure as key factors bolstering its investment outlook.
Last week, Meesho marked a remarkable entry into the public trading arena, debuting at a significant premium and ranking as one of the largest technology IPOs of 2025. The Bengaluru-based company commenced trading at Rs 162.5 per share on the NSE, reflecting a 46% increase from its issue price of Rs 111.
In the previous fiscal year, the company recorded revenue of Rs 9,390 crore, while losses prior to extraordinary items and taxes amounted to Rs 108 crore. During the first half of the current fiscal year (H1 FY26), it reported revenues of Rs 5,577 crore.
In recent quarters, Meesho has concentrated on enhancing operational efficiency by streamlining marketing expenses, optimising logistical costs, and strengthening its supplier network. Furthermore, the company has made significant investments in categories such as fashion and home essentials, which continue to show consistent demand from cost-conscious consumers.
As of the time of writing, Meesho’s shares remained capped at the upper circuit limit, with investors keenly observing whether this positive momentum will be sustained in the upcoming trading days.