MEESHO

- Stock update

Meesho shares hit a 5 per cent lower circuit on BSE at ₹173.2 per share. The stock was under selling pressure after the expiry of its one-month shareholder lock-in period. -

At 10:17 AM, Meesho share price was trading 4.99 per cent lower at ₹173.2 on the BSE. In comparison, the BSE Sensex was down 0.13 per cent at 84,955.11. The stock commands a market capitalisation of ₹78,167.43 crore, with a 52-week high at ₹254.65 and a 52-week low at ₹153.95. Around 110 million shares or 2 per cent equity of the company's outstanding equity will become eligible for trading once the lock-in expires, according to Nuvama Institutional Equities. However, this does not imply that all these shares will be offloaded in the market immediately. The expiry of the lock-in period simply means that these shares can now be traded. All this is for information. This is not a buy/sell recommendation. Thank you, Technofunda24