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Meesho stock cools off sharply after explosive post-listing rally
Meesho shares dropped 21% in three sessions after a 110% post-IPO rally, as profit-taking and low free-float dynamics triggered volatility despite positive long-term outlooks.
After delivering a stunning post-IPO surge, Meesho shares have seen a sharp pullback, falling 21% over the last three trading sessions. The decline follows a blistering 110% rally from the IPO price, which was largely driven by strong listing day demand, aggressive short covering, and a very low free float in the market. As early investors and short-term traders began booking profits, selling pressure intensified, leading to heightened volatility. Despite the near term correction, several brokerages continue to maintain a constructive view on Meesho’s long- term growth prospects, citing its scale, value-commerce positioning, and expanding merchant ecosystem.