JM Financial initiates Meesho coverage with ‘reduce’ rating, flags limited upside
- Posted on January 9, 2026
- By Business News Today
- 2 Views
JM Financial initiates Meesho coverage with ‘reduce’ rating, flags limited upside
JM Financial has started coverage on Meesho with a ‘Reduce rating and a Rs 170 target for March 2027, citing limited upside after the stocks sharp post-listing rally. Meesho, which debuted at Rs 161.20 in December, surged 58% to Rs 254.65 but has since corrected nearly 36% and is now trading at Rs 164.
