New Delhi: Shares of Meesho Limited were locked at the lower circuit on Monday, December 22, after falling 10% in intraday trade, reflecting heavy selling pressure in the counter.
The stock declined to ₹201.68, down ₹22.40 from its previous close, as per exchange data around 1:04 PM IST. Trading was restricted at the lower circuit limit, indicating an imbalance of sell orders with limited buying interest.
According to market data, Meesho Limited has a market capitalisation of approximately ₹1,01,130 crore. The stock opened at ₹221.98 and touched the day’s lower band of ₹201.68, which also marks its circuit limit for the session. The trading volume stood at over 6.39 crore shares, suggesting heightened activity amid the sharp decline.
The stock’s 52-week range is ₹153.89 to ₹254.40, placing the current price closer to the lower end of its annual band.
While there was no immediate company-specific announcement explaining the sharp fall, market participants attributed the decline to broader selling pressure and possible profit booking in select e-commerce and new-age technology stocks. Investors are now awaiting further clarity, including any disclosures from the company or cues from overall market sentiment.
Meesho Limited operates as an e-commerce app–based aggregator and is listed on both the NSE and BSE. Further movement in the stock is expected to depend on market conditions and any forthcoming updates from the company.
