Meesho Stock Slips After Post-IPO Surge

Raga News Zone | Business Desk

Shares of Meesho witnessed a sharp correction, falling around 21% after a strong rally in the days following its IPO. The decline has drawn attention from investors as the stock faced selling pressure after early gains.

Reason Behind the Decline

Market experts say the drop was mainly due to profit booking by investors who entered the stock soon after listing. Meesho shares had seen a rapid rise post-IPO, encouraging short-term traders to lock in profits. The limited free-float of shares also contributed to high volatility, amplifying price movements.

Investor Sentiment

Despite the recent fall, Meesho shares are still trading above their IPO price, offering comfort to early investors. Analysts note that such fluctuations are common in newly listed stocks, especially in the e-commerce and technology sector.

What Lies Ahead

The future performance of Meesho shares will depend on the company’s quarterly earnings, revenue growth, and progress toward profitability. Investors are advised to closely track fundamentals and company updates while remaining cautious of short-term volatility

More updates are on the way—stay tuned with Raga Zone.