Meesho jumps 5% as Jefferies opens with 'Buy', Rs 225 target post Rs 1,540 crore block deal

Shares rallied after a 9.3 crore share block deal worth Rs 1,540 crore cleared post lock-in expiry. Jefferies initiated coverage with a 'Buy' call and Rs 225 target, implying 33% upside, projecting 25% NMV CAGR and 3% EBITDA margin by FY30. Market cap stands at Rs 76,516 crore.

— Source publishedWed, 10 Jun, 2026, 11:13 IST·First seen Wed, 10 Jun, 2026, 12:20 IST·Source NDTV Profit

What happened

Meesho shares rallied 5% after a Rs 1,540 crore block deal post lock-in expiry, with Jefferies initiating 'Buy' at Rs 225 target, projecting 25% NMV CAGR and 3%

Key facts

  • 5% rally
  • Rs 225 target price
  • 33% upside
  • 9.3 crore shares block deal
  • Rs 1,540 crore
  • 2% equity
  • 68% shares lock-in expiry
  • 25% NMV CAGR through FY30
  • 3% EBITDA margin by FY30
  • Rs 76,515.74 crore market cap

Why this matters

The Rs 1,540 crore block absorption and fresh sell-side coverage reset Meesho's liquidity profile, opening windows for strategic partnerships or follow-on capital at the Rs 76,516 crore market cap.