NASDAQ:CIIT 10 June 2026

June 10, 2026, 11:37 AM EDT. Meesho shares edged down 0.41% to ₹166.06 after a ₹1,540 crore block deal involving 9.3 crore shares, about 2% of equity, was executed following the expiry of a six-month post-IPO lock-in period. This lock-in had restricted early investors from selling shares post-listing. Jefferies initiated coverage with a Buy rating and a ₹225 target, highlighting Meesho's growth potential in India's value commerce segment and projecting a 25% compound annual growth in net merchandise value (NMV) through FY30. Despite positive revenue growth and improving margins, Meesho's marketplace adjusted EBITDA remained negative at ₹198 crore in Q4. Investors are divided, as Macquarie rates the stock Underperform due to unit economics concerns.