Why Did Investors Sell Meesho Shares Despite Strong Q1 Results?
Bengaluru, July 24 -- This Large-Cap Stock, engaged in operating an e-commerce marketplace that connects buyers and sellers, offering affordable products across fashion, groceries, home essentials, electronics, and lifestyle categories, fell over 6 percent after reporting its Q1 FY27 results, while leading brokerages shared mixed views on its future growth prospects.
With a market capitalization of Rs. 84,653.98 crores, the share of Meesho Limited has reached an intraday low of Rs. 177.60 per equity share, down nearly 6.01 percent from its previous day's close price of Rs. 188.95. Since then, the stock has recovered and is currently trading at Rs. 183.50 per equity share.
Q1 FY27 Result Walkthrough
Coming into the quarterly results of ...
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