Axis Capital initiates coverage on Meesho stock with ‘Buy’; sees 39% upside | Markets News
Axis Capital has initiated coverage on Meesho with a ‘Buy’ rating with a target price of ₹195, implying 39 per cent upside from its previous close. The brokerage believes Meesho is well placed to benefit from e-com growth driven by rising tier 2 penetration, leveraging its value play and ‘affordability’ flywheel to drive user growth…