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

Key Highlights

• Meesho shares rose to a record high of ₹233.50, up 110% from the IPO price of ₹111.
• The stock has gained over 41% in the last four trading sessions.
• UBS initiated coverage with a 'Buy' rating and a price target of ₹220.
• The stock experienced a drop of 9% from its day's high after initial gains.