Photo: CNBC-TV18 MarketsMeesho share price could fall 28%, Nomura warns citing these key risks - CNBC TV18
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Investors should note Nomura's warning that Meesho may be overvalued, suggesting the share could drop sharply, which could affect portfolios tied to the stock.
Nomura has issued a cautionary note regarding the valuation of Meesho, suggesting that the company's shares could experience a decline of up to 28 percent. The investment firm argues that Meesho currently trades at a substantial premium compared to its peers, specifically naming Eternal and Swiggy. According to Nomura's analysis, these competing platforms actually possess stronger growth profiles within the quick commerce sector. Consequently, the bank believes the current market pricing for Meesho is not fully justified by its fundamental performance relative to these other established players in the same industry.
Meesho is an Indian online marketplace that enables small businesses to sell via social channels, and its valuation is often compared to other quick‑commerce players like Eternal and Swiggy.
- •Monitor how Meesho's share price reacts to Nomura's warning
- •Watch for any follow‑up analysis or rating changes from Nomura or other analysts