Lock-in expiry hits Meesho shares: Stock slips 5% – why brokers are still optimistic?
Meesho’s shares dipped 5% on Wednesday following the end of a one-month lock-in period, making 110 million shares available for trading. Despite the decline, major brokerages like UBS and Choice Institutional Equities maintain a positive outlook, citing strong growth potential and a leveraged position on mass-market users.🕒 1 min read
Meesho’s shares dipped 5% on Wednesday following the end of a one-month lock-in period, making 110 million shares available for trading. Despite the decline, major brokerages like UBS and Choice Institutional Equities maintain a positive outlook, citing strong growth potential and a leveraged position on mass-market users.
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