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Meesho shares surge 14%, heavy volumes drive sharp moveAround 3.4 crore shares have changed hands in the first 90 minutes of trade, significantly higher than the 20-day average of 26 lakh shares for this time of the day.By Meghna Sen  April 9, 2026, 11:07:40 AM IST (Published)1 Min ReadShares of e-commerce company Meesho Ltd. are trading with gains of around 14% on Thursday, April 9, continuing their upward momentum. The stock has risen in two of the last three trading sessions.

Around 3.4 crore shares have changed hands in the first 90 minutes of trade, significantly higher than the 20-day average of 26 lakh shares for this time of the day.

At the current market price, the stock is trading about 55% above its issue price of ₹111 per share.

Following the recent surge, Meesho's market capitalisation stands at ₹75,854.60 crore. Limited free float in the stock could be amplifying price movements on both sides.

The SoftBank-backed e-commerce platform had a strong debut on December 10, 2025, listing at a premium and ending its first trading session 53% higher.

The company's ₹5,000 crore initial public offering had seen robust demand, with an overall subscription of 79 times. The retail portion was subscribed over 19 times, while the qualified institutional buyers segment was subscribed 120 times.

According to analyst coverage, four of the eight analysts tracking the stock have a 'Buy' rating, three have a 'Hold' rating, and one has a 'Sell' recommendation.

Shares of Meesho were last trading 8.64% higher at ₹165.92. The stock has gained 16% over the past one month.Continue ReadingNote To ReadersDisclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.TagsMeeshoshare market today