Meesho Surges 9% After UBS Raises Target Price To ₹260

Shares of ecommerce major Meesho surged as much as 9.3% during the intraday trading after brokerage UBS maintained its ‘Buy’ rating on the stock and raised its target price to ₹260 from ₹210. The stock touched an intraday high of ₹239.45 on the BSE. It was trading 8.9% higher at ₹238.55 at 11:25 IST.