Meesho: Why Nomura flags 27% downside while Jefferies, Motilal see up to 25% upside

E-commerce player Meesho’s net loss for the September quarter narrowed year-on-year (YoY), with management signaling robust demand amid the festive season. However, brokerage views on the company remain mixed, with some expecting an upside of 25% while others see a 27% downside.

Global investment bank Jefferies and domestic brokerage house, Motilal Oswal retained their ‘Buy’ ratings on the stock while Japanese brokerage Nomura maintained its ‘Reduce’ call. The Meesho share price was 0.1% lower at Rs 227.57 apiece.