Meesho shares rose after strong growth in its Content Commerce business, with NMV increasing 152% year-on-year. Brokerages remain divided, with UBS and Jefferies positive on the stock, while Nomura has a Reduce call.
Meesho Share Price: Shares of e-commerce company Meesho Limited rose 6% on Tuesday, October 6, driven by strong performance from its content commerce business. In the 12 months ended August 31, the business's net merchandise value (NMV) grew 152% year-over-year. NMV refers to the total value of goods sold on the company's platform. According to the company, this growth was driven by nano creators, homemakers, and customers from smaller cities.
…