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

September 9, 2026

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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