Meesho snaps 8-day losing streak with 2% bounce; Choice sees 20% upside despite June 2026 lock-in overhang
Meesho rose 2% to ₹168.71 after eight straight sessions of declines. Choice Institutional Equities maintains ADD with ₹210 target (20% upside), citing Q4FY26 loss narrowing 88% YoY to ₹166 crore on revenue of ₹3,531 crore (+47%). Risk: June 9, 2026 lock-in expiry unlocks 68% of pre-IPO shares worth ~₹54,000 crore.
What happened
Meesho shares rose 2% to ₹168.71, snapping an 8-day losing streak ahead of June 9 lock-in expiry releasing 68% of pre-IPO shares (~₹54,000 crore). Choice
Key facts
- share price ₹168.71
- +2%
- lock-in expiry 9 June 2026
- 68% pre-IPO shareholding unlocking
- ₹54,000 crore unlocking value
- potential ₹5,400 crore selling
- Q4FY26 loss ₹166 crore vs ₹1,391 crore YoY (-88%)
- revenue ₹3,531 crore (+47% YoY)
- target price ₹210 (20% upside)
- stock -18% in month, -8% YTD
Why this matters
Meesho's Q4FY26 trajectory—Rs 3,531 crore revenue with losses down to ₹166 crore—sets a credible benchmark for value-commerce M&A multiples and signals the window for strategic stake-building may open around the June 2026 unlock.