Meesho Ltd Gains 8.4% as Investor Confidence Builds in E-Commerce Growth

Stock Surge Analysis

Meesho's stock jumped from recent levels, hitting intraday highs as volumes spiked. The upmove counters broader market softness (Nifty futures -0.37%), driven by strong GMV growth and profitability path post-IPO.

Key Highlights

Price Action: Up 8.4% to ~₹450 (indicative); highest since listing.

Triggers: Stellar festive quarter; expanding user base in smaller cities; profitability inflection eyed.

Fundamentals: FY25 revenue ~₹10,000 Cr; zero-commission model fuels seller loyalty.

Outlook: Targets ₹500; watch Q3 results—bullish amid e-tail peers' gains.

Sources: NSE Data, Moneycontrol