Meesho shares rose 6.66% to ₹209.98, reaching a three-month high and featuring among the most traded securities on the National Stock Exchange. According to latest market data, the stock has been witnessing notable rise in trading volumes in recent weeks, taking its gains in August so far to 14.3%. The stock opened at ₹192.95 and reached an intraday high of ₹209.98, with the average traded price for the day at ₹209.98. The Street's initial reaction to the company's June-quarter earnings was negative, but the stock later regained momentum as analysts remained bullish on Meesho's growth outlook, citing its asset-light business model and improving unit economics.
The company's net loss narrowed to ₹132.84 crore in the quarter ended June 2026, aided by higher sales and lower order cancellations, compared with a loss of ₹289.36 crore in the same period a year ago. As reported by LiveMint, Meesho's consolidated revenue from operations grew 48% to ₹3,712.81 crore in the June 2026 quarter from ₹2,503.86 crore in the corresponding period of the previous year. The company's gross merchandise value (GMV) rose about 26% to ₹19,054 crore from ₹15,134 crore in the year-ago period, while net merchandise value (NMV) increased 34% year-on-year to ₹11,614 crore during the reported quarter. According to latest financial data, total income grew 4.92% to ₹3,826.40 crore in June 2026 compared to ₹3,646.98 crore in March 2026, while total expenses increased 4.01% to ₹3,957.11 crore.
According to LiveMint reports, the company's operational metrics remained strong with annual transacting users rising 29% year-on-year to 274 million, while purchase frequency improved to 10.3 transactions per user annually. The platform processed 725 million orders during the quarter, up 29% from a year earlier, with prepaid orders accounting for around 37% of shipped orders, helping reduce cancellations and return-to-origin rates. The company expects the second quarter of the current fiscal to witness higher user growth and spending, along with slower NMV growth, driven by a deliberate strategic approach and a shift in festive seasonality this year.
Domestic brokerage firm Motilal Oswal recently initiated coverage on the stock with a 'Buy' rating and a target price of ₹240 apiece. Under its bull-case scenario, the brokerage has set a target price of ₹335, while under its bear-case scenario, it expects the stock to fall to ₹140. As reported by LiveMint, Choice Broking upgraded Meesho to a 'Buy' rating with a target price of ₹220, implying more than 16% upside from the previous close. Motilal Oswal expects Meesho to deliver a 25% CAGR in marketplace NMV over FY26–31, driven by customer acquisition and rising platform adoption. Globe Capital's Gaurav Sharma has also issued a 'Buy' call on Meesho, recommending purchase near the current market price of ₹197 with targets of ₹202 and ₹210, implying upsides of 2.54% and 6.60% respectively, while maintaining a stop loss at ₹192.
According to the latest shareholding data, promoters hold 16.41% as of June 2026, with 0.0% of the stake pledged. Domestic Institutional Investors (DII) increased their stake to 9.14% from 5.56% in March 2026, with 8.15% held by mutual funds and the rest including public held at 69.26%. Foreign Institutional Investors (FII) hold 5.19%, up from 4.17% in March 2026. The shares made a blockbuster debut in December, listing at ₹162 apiece, a 46% premium over the issue price. Following the strong start, the stock maintained its momentum in subsequent sessions, rising to ₹254 apiece and emerging as one of the strongest post-listing performers among mainboard IPOs in 2025. At current levels, the stock is trading 87.6% higher than its IPO price, with the August recovery rally following a period of sharp volatility after a large portion of Meesho's pre-IPO shareholding came out of the lock-in period in June.
