Meesho Shares Skyrocket: UBS Initiates 'Buy' Rating, Stock Nears 100% IPO Return

• Meesho shares jumped 20% after UBS initiated coverage with a 'Buy' recommendation and a ₹220 price target.
• The stock has nearly doubled from its IPO price of ₹111, now up over 70% since its December 10 debut.
• UBS highlights Meesho's asset-light, negative working capital model, enabling positive cash flows.
• Brokerage projects 30% NMV CAGR (FY25-FY30), with improved margins and user growth from 199M to 518M.
• Limited free float in the market could lead to exaggerated price movements.

Why It Matters: UBS 'Buy' rating and strong business model drive Meesho shares near 100% IPO return.