Meesho’s stock surged up to 12% today after UBS raised

Meesho’s stock surged up to 12% today after UBS raised its target price to ₹260 per share, citing stronger growth in sellers, buyers, and improving profitability. The e-commerce platform’s shares are now trading near their post-listing high of ₹245, marking one of its biggest single-day gains in three months. 📈 Key Market Highlights (22 September 2026) Share Price Movement: Meesho shares jumped 11–12% intraday, reaching ₹243–₹245. The stock is up 116% from its IPO price of ₹111 and 48% from its listing price of ₹162.5. Trading volumes spiked sharply on both NSE and BSE. UBS Rating Update: UBS maintained its “Buy” recommendation and raised the target price from ₹210 to ₹260 per share, implying an 18–19% upside. The brokerage expects EBITDA growth of 20–40% and Net Merchandise Value (NMV) expansion of 7–18% between FY29–FY31. UBS cited strong seller (+81% YoY) and buyer (+29% YoY) growth, alongside rapid SKU and logistics expansion.