Meesho Shares Plunge 5% to Lower Circuit After Lock-in Expiry, Near Listing Price

• Meesho shares hit a 5% lower circuit on January 7 after the one-month shareholder lock-in period ended.
• The e-commerce platform's stock fell to Rs 173.13, trading near its listing price of Rs 162.50.
• Around 10.99 crore shares (2% equity) became eligible for trading, cumulatively worth Rs 2,002.82 crore.
• Despite operational improvements like Valmo logistics, the stock faced pressure due to lock-in expiry and profit-taking from elevated valuations.
• The stock is down 32% from its December 18 high of Rs 254.40, nearing its initial listing price.

Why It Matters: Meesho shares hit lower circuit post lock-in expiry, trading near listing price amid profit-taking.