🔴 MEESHO is trading 4.23% down today after Nomura’s Reduce rating and INR 167 target

MEESHO is trading at INR 222.98, down 4.23%, after Nomura initiated coverage on September 25, 2026, with a Reduce rating and an INR 167 price target.

• The target implies substantial downside from the previous close.
• MEESHO was volatile after a large September 23 block deal and Tuesday’s UBS-driven rally.
• Broader risk-off sentiment, higher Treasury yields and elevated crude prices may have added pressure; Nomura’s initiation is the clearest company-specific catalyst.