Synopsis : Global brokerage Jefferies remains bullish on three stocks across e-commerce, infrastructure logistics, and aviation sectors. The brokerage sees upside potential ranging from 20% to 34%, driven by strong growth prospects, expanding market opportunities, and improving operational performance.
Meesho Leads Jefferies’ Preferred Picks with 34% Upside
Jefferies has initiated a ‘Buy’ rating on Meesho with a target price of ₹225, implying an upside potential of approximately 34% from current levels.
The brokerage believes Meesho has successfully built a scalable value-commerce ecosystem focused on affordability, particularly catering to consumers in Tier-2, Tier-3, and non-metro markets.
According to Jefferies, the company's growing network of buyers, sellers, logistics partners, and content creators is creating a strong competitive advantage.
The brokerage highlighted that advanced technologies such as PRISM recommendation engine, Vaani voice AI, and GeoIndia LLM-based address systems are improving customer discovery, conversion rates, and delivery efficiency.
Jefferies expects Meesho to deliver nearly 25% Net Merchandise Value (NMV) growth over the coming years while steadily improving profitability through advertising, seller services, and additional monetisation avenues.
Aegis Vopak Terminals: Infrastructure Growth Story Intact
Jefferies has maintained its ‘Buy’ rating on Aegis Vopak Terminals with a target price of ₹240, indicating an upside potential of around 25%.
The brokerage noted that recent concerns surrounding LPG import disruptions due to Middle East geopolitical tensions have weighed on sentiment. However, Jefferies expects import volumes to normalize once regional tensions ease.
India remains heavily dependent on LPG imports, and the government continues to invest in energy infrastructure and storage capacity expansion.
Aegis Vopak is expected to benefit from:
- Ongoing storage and terminal capacity additions
- Rising LPG demand
- Improved throughput volumes
- Infrastructure projects such as the Kandla-Gorakhpur LPG pipeline
Jefferies believes these factors could support strong earnings growth over the medium term.
IndiGo Positioned for Next Phase of Aviation Growth
In the aviation sector, Jefferies has reiterated its ‘Buy’ rating on InterGlobe Aviation (IndiGo) with a target price of ₹5,380, implying a potential upside of nearly 20%.
According to the brokerage, IndiGo's near-term strategy prioritises profitability over aggressive capacity expansion.
The airline has guided for:
- Single-digit capacity growth in FY27
- Mid-teen capacity expansion in subsequent years
- Improved yield management and pricing discipline
Jefferies highlighted that FY27 is expected to be a price-led growth year rather than a volume-led year, helping preserve margins.
The brokerage also sees long-term growth opportunities from:
- International route expansion
- Premium seating products
- Cargo business growth
- Loyalty programmes
- Strategic airline partnerships
Jefferies’ Top Buy Calls
| Company | Rating | Target Price | Upside Potential |
|---|---|---|---|
| Meesho | Buy | ₹225 | 34% |
| Aegis Vopak Terminals | Buy | ₹240 | 25% |
| InterGlobe Aviation (IndiGo) | Buy | ₹5,380 | 20% |
Conclusion
Jefferies believes each of these companies is positioned to benefit from powerful long-term themes. Meesho offers exposure to India's rapidly expanding value-commerce market, Aegis Vopak stands to gain from growing energy infrastructure investments, while IndiGo remains a key beneficiary of rising domestic and international air travel demand.
Disclaimer : This article is for informational purposes only and does not constitute investment advice. Stock ratings, target prices, and forecasts are based on brokerage reports and may change over time. Investors should conduct their own research or consult a SEBI-registered financial advisor before making investment decisions.
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