Meesho shares hit the 5% lower circuit on NSE today at ₹157.18.
Meesho shares hit the 5% lower circuit on NSE today at ₹157.18, locking trading amid heavy selling pressure with no buyers at prevailing levels. The order book shows robust offer quantity of 34,743 at the lower price, while bids remain absent, signaling intense bearish sentiment.
Trigger Factors
Recent Q3 FY26 results revealed a widened net loss of ₹491 crore despite 32% YoY revenue growth to ₹3,518 crore, eroding investor confidence in profitability timelines. Ongoing post-IPO lock-in expiries and profit booking from December highs near ₹255 have amplified supply, with the stock down over 30% from peaks.
