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.
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 maintains ADD rating with ₹210 target despite near-term selling pressure.