Meesho shares fall 3% even as Q2 loss narrows to Rs 132 cr. Why Jefferies raised target price but Nomura remains cautious
60-Word AI Digest
Meesho shares fell nearly 3% after Q2 FY27 net loss narrowed 68% year-on-year to Rs 132 crore, while revenue rose 34% to Rs 4,132 crore. Brokerages remained divided, with Jefferies and Motilal Oswal maintaining Buy ratings and Nomura retaining Reduce, citing growth prospects, margins and festive-season demand.
Key Takeaways
- Meesho shares fell nearly 3% after Q2 FY27 net loss narrowed 68% year-on-year to Rs 132 crore, while revenue rose 34% to Rs 4,132 crore.
- Brokerages remained divided, with Jefferies and Motilal Oswal maintaining Buy ratings and Nomura retaining Reduce, citing growth prospects, margins and festive-season demand.
- Full details and original dispatch available below.
Meesho shares fell nearly 3% after Q2 FY27 net loss narrowed 68% year-on-year to Rs 132 crore, while revenue rose 34% to Rs 4,132 crore. Brokerages remained divided, with Jefferies and Motilal Oswal maintaining Buy ratings and Nomura retaining Reduce, citing growth prospects, margins and festive-season demand.
Original Publisher Attribution
This summary was curated from Economic Times.