Meesho Stock Tumbles 35% from High; GM Exit, Lock-in Expiry Spark Investor Fear

• Meesho shares fell 5% on Jan 8, 2026, marking the third consecutive day of decline, now 35% down from its December high of ₹254.40.
• The e-commerce platform's market cap has eroded by over ₹40,000 crore, bringing the stock close to its listing price of ₹162.50.
• General Manager Megha Agarwal's resignation on Jan 7 increased market uncertainty, despite the company calling it an internal transition.
• Expiry of the 1-month shareholder lock-in on Jan 6, 2026, released 10.99 crore shares (2% equity), raising fears of increased supply.
• Analysts note Meesho's improving fundamentals, including reduced logistics costs and COD orders, moving it towards profitability, but short-term volatility persists due to technical factors.

Why It Matters: Meesho's stock plunges due to GM resignation and lock-in expiry, despite strong underlying business fundamentals.