Meesho shares crash 10% to hit lower circuit — Is it an opportunity to buy?

Meesho shares came under significant selling pressure on Monday, December 22, extending losses to the second day in a row, as investors booked profits following a stellar run in the new-age e-commerce player following its listing in the Indian stock market earlier this month.

Meesho shares had hit a record high of ₹254.65 on Friday, but soon witnessed a selling spree. In Monday’s trade, Meesho share price plunged 10% to hit the lower price band of ₹202.05 on the BSE, taking the two-day losses to over 14%.