Meesho Share Price Sees Sudden Reversal After Eight Consecutive Declines, Analysts Predict Further Upside

Meesho Share Price Sees Relief as Eight-Day Losing Streak Comes to an End

In a welcome respite for investors, Meesho's share price surged 2% to ₹168.71 in Friday's trading session, bringing an end to an eight-day losing streak. The stock opened at ₹166.46 apiece today, up from the previous closing price of ₹165.34 on Thursday.

Meesho's e-commerce stock had been under pressure since Thursday, its longest losing streak since listing in December 2025, despite posting strong March quarterly results. The stock also remained under pressure ahead of the lock-in expiry scheduled for June 9, 2026.

The lock-in expiry will see nearly 68% of Meesho's pre-IPO shareholding released from lock-in, allowing shares valued at about ₹54,000 crore to become available for trading from next Tuesday. However, close to 20% of the company's equity will continue to remain locked in until June 9, 2027, according to details provided in the prospectus.

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Brokerage firm Choice Institutional Equities has warned that even if just about 10% of the company's outstanding shares are freed up for trading following the lock-in expiry, potential selling in the secondary market could reach nearly ₹5,400 crore—an amount roughly equal to the entire ₹5,400 crore IPO size of Meesho.

In the March quarter (Q4FY26), Meesho reported a reduction in its consolidated loss attributable to the parent company's shareholders to ₹166 crore in the quarter ended March, compared with ₹1,391 crore in the same period last year, marking an 88% year-on-year (YoY) decline. At the same time, revenue from operations grew 47% YoY to ₹3,531 crore, up from ₹2,400 crore in the corresponding quarter of the previous fiscal.

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Choice Institutional Equities continues to remain bullish on the stock and has given an 'add' rating to Meesho, with a target price of ₹210 per share, seeing an upside potential up to 20%. The brokerage firm values Meesho at 4.0x FY28E EV/Revenue and maintains its 'ADD' rating.

Meesho's share price trend has been volatile since its listing in December 2025. The stock has declined 9% in a week and 18% in a month. Meesho share price was listed at ₹162.50 in the Indian stock market, delivering a bumper listing gain of approximately 46.40%.