Meesho Shares Crash, Hit Lower Circuit Post-Rally; Why Are Investors Selling?

• Meesho shares hit a lower circuit at ₹201.68 after a significant post-listing rally.
• The stock fell approximately 10% in the last two trading sessions, previously more than doubling its IPO price.
• A sharp 110% surge and low 6% free-float led to volatility and a short squeeze situation.
• UBS initiated 'Buy' with a ₹220 target, citing Meesho's asset-light model and strong growth potential.
• Choice Institutional Equities also positive, with a ₹200 target, seeing potential in Tier-2/3 markets.

Why It Matters: Meesho's post-listing rally ended in a lower circuit, but brokerages remain positive on its long-term growth.