Meesho's valuation woes prompt Nomura to assign 'Reduce' tag; stock down 5%

As reported by Share Market Today

At the current price, Nomura said that Meesho trades at a premium to Eternal and Swiggy, despite their higher NMV growth and cash-cow food delivery businesses.

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Meesho's valuation woes prompt Nomura to assign 'Reduce' tag; stock down 5%

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