Meesho shares hit 3-month high as bull run extends to fourth day, up 85% from IPO price
Meesho shares extended their winning run for a fourth straight session on Thursday, August 20, surging another 5.4% to hit a three-month high of ₹207 apiece. The stock has been witnessing a notable rise in trading volumes in recent weeks, taking its gains in August so far to 14.3%.
The Street’s initial reaction to the company’s June-quarter earnings was negative. However, the stock later regained momentum as analysts remained bullish on Meesho’s growth outlook, citing its asset-light business model and improving unit economics.
