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Meesho shares ease after near-100% rally; analyst sees consolidation

Meesho shares slipped to around Rs 221 from a recent high near Rs 238 after a rally of nearly 100%. Analyst Hitesh Rathi expects consolidation, with renewed medium-term momentum dependent on a sustained breakout above Rs 235 to Rs 245.

Meesho shares slipped to around ₹221 from a recent high near ₹238
Share price, recent slip
₹221
Recent high share price
₹238
Rally in share price before the slip
100%
Analyst breakout zone for share price
₹235 to ₹245
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Newer report , , NDTV Profit : Meesho's Mega Blockbuster Sale lifts Day 1 orders 75% year-on-year, peaking above 75,000 a minute

07:30 IST · 10 moves · what each means · free

Reported figures

From the report. Source details below

  • Rs 135
  • Rs 220-238
  • Rs 230 to Rs 245
  • 22%

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