E-commerce major Meesho has stunned the stock market by emerging as a multibagger within just a week of its debut. The company’s shares have more than doubled from the IPO price, delivering exceptional returns to early investors and drawing strong attention from market analysts.
During trading on Thursday, December 18, Meesho’s stock touched an all-time high of Rs. 233.50. This marked a gain of nearly 110% from its IPO price of Rs. 111, allowing investors to double their money in a remarkably short period. Moreover, the stock has climbed around 41% in the last four trading sessions, reflecting strong buying interest.
On the day of listing, Meesho shares opened at Rs. 162 and quickly gained momentum. By Thursday, the stock rose nearly 8% on the BSE, signalling sustained investor confidence. Market participants see this sharp rise as a sign of optimism around Meesho’s growth story.
Adding to the positive outlook, global brokerage firm UBS has initiated coverage with a ‘buy’ rating. In its report, UBS highlighted Meesho’s asset-light business model and fast-growing user base as key drivers of future profitability. According to the brokerage, Meesho’s active user base could expand from 199 million to 518 million by FY2030, strengthening its long-term growth prospects.
Furthermore, Meesho continues to increase its market share by cutting logistics costs and passing the benefits on to customers. This strategy has helped the company compete aggressively in India’s crowded e-commerce space. However, analysts caution that competition remains intense, and Meesho must consistently deliver strong quarterly performance to justify current valuations.
While experts remain bullish on the company’s long-term potential, they also advise caution. Since the stock currently trades near its peak, new investors may need to adopt a careful approach. Analysts suggest waiting for sustained profitability before making fresh investments.
Looking ahead, many market watchers expect Meesho to grow its transaction volumes by an average of 30% annually until 2030. If the company maintains this pace, it could strengthen its position as a major force in the e-commerce sector. Overall, Meesho’s rapid rise as a multibagger presents both significant opportunities and notable risks for investors going forward.
