Meesho shares turn multibagger! Stock soars over 110% from IPO price to hit record high again – Should you still buy?

Meesho’s share price has surged 110% from its IPO price, hitting ₹233.50 for the third consecutive session. UBS has initiated coverage with a ‘Buy’ rating, projecting a target of ₹220, indicating the stock’s immediate optimism may be priced in.