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SUMMARY
The SoftBank-backed company’s shares were locked in its 20% upper circuit at INR 216.35 during intraday trading on the BSE today
Meesho’s market capitalisation also zoomed to $10.81 Bn (INR 97,641.59 Cr), almost double its IPO valuation of about $5.5 Bn
UBS initiated coverage on the stock with a ‘Buy’ recommendation and set a price target of INR 220 for the stock
Ecommerce giant Meesho’s shares continue to rally post a bumper listing last week. The SoftBank-backed…
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