Brokerages stack bullish calls on Meesho, PhysicsWallah, Lenskart, Eternal as consumer-tech re-rates

Jefferies tags Meesho Buy at TP Rs 225 on 25% NMV CAGR and Rs 277 bn NMV base. DAM Capital backs PhysicsWallah (TP Rs 140, 24% revenue CAGR), Macquarie Outperforms Lenskart (TP Rs 600, 35% EBITDA CAGR, 4,525 stores), Kotak Buys Eternal/Blinkit (TP Rs 2,250). JPMorgan stays Neutral on Colgate at FV Rs 385.

— Source publishedWed, 10 Jun, 2026, 07:39 IST·First seen Wed, 10 Jun, 2026, 08:02 IST·Source NDTV Profit

What happened

Brokerages initiate/maintain bullish calls across Indian retail and consumer names: Jefferies Buy on Meesho (TP Rs 225), DAM Capital Buy on PhysicsWallah,

Key facts

  • TP Rs 225
  • 25% NMV CAGR
  • TP Rs 140
  • 24% revenue CAGR
  • TP Rs 2,250
  • TP Rs 600
  • 35% EBITDA CAGR
  • Fair Value Rs 385
  • 4,525 stores
  • Rs 277 billion NMV

Why this matters

Bullish sell-side coverage on new-age consumer names lifts valuation floors for any M&A or secondary in the space, while incumbent FMCG multiples stagnate, widening the arbitrage for cross-segment deals.