Mumbai: Shares of Meesho Limited hit the lower circuit on Tuesday, falling 5 per cent to close at ₹161.80, as persistent selling pressure dominated trade through the session.
The stock opened on a weak note and continued to slide during intraday trade before locking at its daily lower circuit limit. Meesho touched a low of ₹161.80, which also remained its closing price, reflecting the lack of buying interest at lower levels.
Exchange data showed overwhelming sell-side pressure in the order book, with a large number of shares placed on the sell side and negligible bids, resulting in trading being frozen once the circuit limit was triggered.
On the performance front, the stock has been underperforming broader market indices across short- and medium-term periods. Tuesday’s sharp decline added to recent weakness in the counter.
Market experts said the stock’s movement in the next session will hinge on fresh cues, investor sentiment, and overall market direction, with circuit limits set to reset at the start of the next trading day.
At close: Meesho Limited at ₹161.80, down 5.00%.
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