Meesho Shares Soar 20% on UBS 'Buy' Call; Market Cap Nears ₹1 Lakh Crore

• Meesho shares surged 20% to hit the upper circuit after UBS initiated a 'Buy' call with a target price of 220 rupees.
• The stock has rallied 95% from its IPO price in just six trading sessions since its December 10 debut.
• Meesho's market capitalization now stands at 976.37 billion rupees, nearing ₹1 lakh crore.
• UBS projects Meesho's net merchandise value (NMV) to grow at a 30% CAGR from FY25-30, driven by active users and order frequency.
• UBS highlights Meesho's asset-light, negative working capital model and focus on lower to middle-income consumers in Tier 2/3 cities.

Why It Matters: UBS 'Buy' call propels Meesho shares, market cap nears ₹1 lakh crore on strong growth outlook.