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CLSA sees 29% downside in Meesho despite a 19% YTD rally. Buy, sell or hold?

Economic Times Markets
CLSA sees 29% downside in Meesho despite a 19% YTD rally. Buy, sell or hold?
Economic Times Markets

CLSA maintained an Underperform rating on Meesho with a Rs 150 target, citing stretched valuations and optimism around advertising monetisation, order frequency and logistics savings. The brokerage sees significant downside if these growth drivers fail to meet market expectations.

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Markets · 9 Sept 2026

Quote of the day by Chuck Akre: "People say the market is overvalued, but if you are only looking at certain names, you will always find times when those names are undervalued. That’s what we’re waiting for"

Legendary investor Chuck Akre says elevated market valuations should not deter investors from equities. Instead, investors should focus on individual businesses, patiently seeking high-quality companies trading below intrinsic value and offering an attractive margin of safety.

Source: Economic Times Markets

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