Meesho briefly enters Rs 1 trillion mcap club before shares plunge nearly 10%
Published on 18/12/2025 01:31 PM
Meesho Share Price Today: Shares of recently listed Meesho came under selling pressure on Thursday after briefly crossing the Rs 1 trillion market capitalisation mark, barely a week after its stock market debut.
The e-commerce firm’s stock jumped as much as 7.9 per cent in early trade to hit a fresh record high of Rs 233.50, taking its market value past the Rs 1 lakh crore milestone. However, the rally proved short-lived, with the counter giving up all gains soon after.
By around 01:00 pm, Meesho shares were trading 1.41 per cent lower at Rs 213.30 on the NSE, valuing the company at Rs 95,904.03 crore. From the day’s high, the stock had corrected nearly 10 per cent, indicating profit booking at elevated levels.
Trading activity remained moderate, with around 8.87 million shares changing hands so far in the session, compared with a two-week average volume of 14.5 million shares on the BSE.
Meesho made a strong debut on the exchanges on December 10, listing at a premium of about 46 per cent to its issue price of Rs 111 per share. Since then, the stock has been among the top-performing IPOs of the year, rising over 110 per cent from its offer price.
The early surge in Meesho shares was driven by positive commentary from brokerages. Global investment bank UBS initiated coverage on the stock with a ‘Buy’ rating and a target price of Rs 220 per share on Wednesday. The brokerage expects sustained growth in net merchandise value, along with steady improvement in contribution margins and Ebitda, supported by scale benefits.
Domestic brokerage Choice Broking has also turned bullish on the counter, assigning a ‘Buy’ rating with a target price of Rs 200. In its bull-case scenario, the brokerage sees the stock rising to Rs 234 per share, implying an upside of just over 8 per cent from the previous close.
On the corporate front, Meesho recently increased its investment in its wholly owned subsidiary, Meesho Technologies Pvt. Ltd., through a rights issue, the company informed exchanges on December 10. The subsidiary operates the Meesho marketplace platform, which connects sellers directly with end consumers.
According to disclosures, Meesho Technologies reported a revenue turnover of Rs 9,385.8 crore, underlining the scale of operations of the parent entity.