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Meesho shares rally to three-month high above ₹200
The stock rose 5.4% on August 20 to ₹207, extending a fourth straight session and valuing the company about 87.6% above its IPO price.
Meesho shares surged for a fourth straight session on Thursday, August 20, climbing 5.4% to hit a three-month high of ₹207 apiece, after earlier gains in August pushed the stock up 14.3% for the month, according to LiveMint Markets citing market reporting. The shares had declined for two straight sessions before that latest run.
While the initial reaction to the company’s June-quarter earnings was negative, the stock regained momentum as analysts pointed to an asset-light model and improving unit economics. LiveMint Markets said Meesho’s net loss narrowed to ₹132.8 crore in the quarter ended June 2026, versus a loss of ₹289.35 crore a year earlier, helped by higher sales and lower order cancellations.
Operationally, the company reported consolidated revenue from operations rising 48% year-on-year to ₹3,712.81 crore, and LiveMint Markets noted GMV increased about 26% to ₹19,054 crore. Net merchandise value grew 34% to ₹11,614 crore, as annual transacting users rose 29% to 274 million, purchase frequency improved to 10.3 transactions per user, and the platform processed 725 million orders, up 29% from a year earlier.
Looking ahead, Meesho expects Q2 of the current fiscal to bring higher user growth and spending, along with slower NMV growth, driven by a deliberate strategy and a shift in festive seasonality. LiveMint Markets also highlighted that Motilal Oswal initiated coverage with a ‘Buy’ rating and a ₹240 target, while Choice Broking upgraded Meesho to ‘Buy’ with a ₹220 target.