Meesho's shares declined for the eighth consecutive session on June 4, dropping 5% to ₹166.60, marking the lowest level since April. This sustained fall wiped out 16.6% of the stock's value since its debut in December 2025, when it listed at ₹162 per share, a 46% premium over the issue price, according to livemint.com.
The continuous sell-off is attributed to the upcoming expiry of the lock-in period for early investors on June 9, which may trigger significant selling pressure. The stock's initial surge post-listing has gradually reversed as investors anticipate these shares becoming available for trading, leading to increased supply in the market, as reported by livemint.com.
This decline comes despite Meesho's AI-powered discovery engine, PRISM, now driving over 75% of its orders, highlighting the company's ongoing focus on technology to boost sales, per thehindubusinessline.com. The market reaction reflects investor caution amid potential liquidity events rather than the company's operational performance. Meesho's stock performance contrasts with its technological advancements, underscoring the complex dynamics between market sentiment and business fundamentals.
Meesho's lock-in expiry on June 9 is a critical date that could influence the stock's near-term trajectory, with investors closely monitoring trading volumes and price movements around this event, according to livemint.com.