Meesho Stock Sees Activity Amid UBS Rating and Market Trends
What happened
Nearly ₹900 crore of Meesho shares were exchanged in a block deal on September 23, 2026. This activity occurred shortly after UBS issued a "Buy" rating on the fashion retailer. The UBS report stated that Meesho's focus on value commerce in India offered a sizeable growth opportunity, projecting net merchandise value (NMV) growth at a 28 per cent compound annual growth rate (CAGR) from financial year 20.
Why it matters
The market absorbed block deals worth over ₹2,700 crore across seven stocks that day. Meanwhile, the Nifty 50 posted its highest close since September 10, driven partly by Brent crude slipping below $100 a barrel on hopes of US-Iran diplomacy.
Who's involved
- UBSProvided a "Buy" rating on Meesho, projecting future growth in net merchandise value.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- UBSSpeculative
The company could see its investor confidence influenced by rating changes and global commodity prices.