Meesho rises on 75% Day 1 order jump in sale
In short
Meesho shares rose as much as 5% after it said Day 1 orders in its Mega Blockbuster Sale 2026 were up 75% from a year earlier. It also said Meesho Mall orders rose more than 200% and creator-led commerce grew 3.7 times.
This matters because the sales update lifted sentiment, but analysts are mixed. Nomura started with a Reduce rating, while UBS raised its target price by 24% to Rs 260.
What the reporting says
Meesho shares rose as much as 5% after the company said Day 1 orders in its Mega Blockbuster Sale 2026 jumped 75% year on year. The update also said orders on Meesho Mall rose more than 200% and creator-led commerce grew 3.7 times, while Nomura started coverage with a Reduce rating and UBS lifted its target price by 24% to Rs 260. The immediate consequence is a stronger share price, but the competitive pressure cited by Nomura remains a risk.
Why it matters
Meesho shares climbed after the company reported a 75% year-on-year jump in Day 1 orders for its Mega Blockbuster Sale 2026, plus more than 200% growth in Meesho Mall orders and 3.7 times growth in creator-led commerce. UBS raised its target price to Rs 260, while Nomura began coverage with a Reduce rating, citing competition. The stock reaction reflects strong sales momentum, but outlook uncertainty remains.