Meesho valuation faces fresh heat as nomura flags premium pricing and rising competition
- Japanese brokerage Nomura warned that e-commerce platform Meesho faces a potential 24% stock downside.
- Nomura cited rich valuation concerns when comparing Meesho against listed industry peers Eternal and Swiggy.
- Analysts highlighted moderating order frequency, rising customer acquisition expenses, and slowing gross merchandise value growth.
- The brokerage maintained a neutral rating while lowering target valuations to reflect operational execution risks.
Source: financialexpress.com
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