New Delhi, Dec. 18 -- Recently listed e-commerce company Meesho's stock has now turned a multibagger. Meesho share price hit a record high for the third straight day on Thursday, December 18, now soaring as much as 110% from its IPO price of Rs.111.

In intra-day deals today, the stock jumped 8% to its day's high of Rs.233.50 on the BSE in intra-day deals. This is the fourth straight session of gains for the stock, rising over 41% in this period. Meesho share price climbed 20%, 5.6% and 3.4% in the past three trading sessions.

Meesho's spectacular post-listing rally came after global brokerage UBS initiated coverage with a 'Buy' rating and a Rs.220 price target-implying nearly 10% upside from the stock's intraday peak. The call added fre...