Sensex, Nifty Plunge: Meesho Stock Jumps 13% on Massive Trading Volume

• Despite a significant market downturn, Meesho shares surged 13% to ₹193.44, reaching a new post-listing high on December 16.
• Over 5 crore Meesho shares worth approximately ₹950 crore were traded within the first 30 minutes of market opening.
• Meesho, which listed on December 10 after its IPO was subscribed 79 times, is now trading over 74% above its issue price of ₹111.
• Meesho, a major e-commerce player since 2015, operates a multi-sided platform connecting consumers, sellers, and logistics, known for its affordability.
• The company is debt-free, with total income growing to ₹9,900.90 crore, though it continues to report net losses, which increased to ₹3,941.71 crore in FY25.

Why It Matters: Meesho stock defied market crash, surging 13% to new highs.