Why did Meesho shares jump over 7% today? Here’s what Citibank analysts say

NSE data showed that Meesho shares surged 7.3% to their intraday high of ₹184.80 during the afternoon hours on Tuesday’s market, compared to ₹172.21 at the previous stock market close.

Trading volumes of the company’s stock surged past 78 million shares across both the NSE and BSE stock exchanges as of the afternoon market hours, according to Trendlyne data.

Experts predict that the company’s valuation remains expensive, but the business model is built to structurally reduce the cost of doing business while making products affordable for customers in the market.

Experts from the leading global investment firm, Citibank, predict that Meesho is positioned to witness growth, leveraging the company’s strategic differentiation from other platforms by using its massive audience base and technology capabilities.

“Meesho is a value-focused e-commerce platform, with several vectors of strategic differentiation vs other e-commerce platforms,” said analysts from Citibank.

Data also showed that Meesho had more than 264 million annual transacting users, as of the period ended March 2026, marking a 33% year-on-year (YoY) increase from the same period a year ago.

On the seller side, the company recorded a 87% YoY rise in annual transacting sellers to around 950,000, as the e-commerce firm’s business is made to reduce cost for sellers and deliver low-cost and affordable products for buyers.

“We believe Meesho is uniquely positioned to serve as an infinite & accessible store to a massive audience, leveraging technology uniquely across the plumbing of e-commerce,” said Citibank analysts in its recent note.

On the value front, Meesho is expected to witness a 50x by the financial year ending 2029, as per the forward-looking valuation multiple EV/Adj EBITDA.

A report from the market research platform, Trendlyne, showed that Meesho has an expensive valuation score in comparison to its e-commerce competitors in the market, with a bearish momentum despite today’s rally.

“The valuation helps you identify stocks which are still bargains, and whose strengths are not fully priced into the share price,” as per the stock report.

Investors should also focus on the fact that the company has low debt, positive cash flows, and was trading above all short-term SMAs, witnessing a positive breakout from its levels.

The report also mentioned that both foreign and domestic institutional investors have been increasing their stake in the company over the last four quarters.

Meesho has recorded a strong increase in its quarterly revenues in its fourth quarter results for the financial year ended 2025-26. The consolidated statements showed that the revenues advanced 47.31% YoY to ₹3,531.21 crore, compared to ₹2,399.97 crore in the same period a year ago.

Due to the rise in revenues, the company cut its net losses down to ₹166.34 crore, compared to its earlier ₹1,391.38 crore net loss levels in the same quarter of the previous financial year.

Meesho shares have delivered nearly 1% returns so far in the calendar year 2026, on a year-to-date basis, but the company’s stock has lost 8% in the past one month. Shares of the company were listed on the stock exchange on December 10, 2025.

Shares of Meesho have delivered around 9.5% returns on their investment in the last five trading sessions, according to NSE data.

The company’s stock surged to its 52-week high of ₹254.40 on December 18, 2025, while the 52-week low was at ₹125.56 on March 16, 2026, as per the exchange data. The company’s market capitalisation (m-cap) was at ₹85,657 crore as of the trading session on Tuesday, June 23, 2026.