New Delhi, Dec. 18 -- Recently listed e-commerce company Meesho share price has now turned multibagger. The stock hit its record high of Rs.233.50 for the third straight session 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 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, which initiated coverage with a 'Buy' rating and a Rs.220 price target-implying nearly 10% upside from the stock's intraday peak. Th...