Meesho shares remained in focus on Monday, August 24, after a large block deal involving around 1% of the company’s equity.
At the time of writing, the Meesho share price was Rs 207.29, around 1.46% higher than the previous close of Rs 205.69.
However, the stock initially slipped 0.43% to Rs 204.80 in the first few minutes of trading.
The stock has performed strongly in recent months.
It has gained around 8.37% in the past five days, 35% in the last six months and 15% so far this year.
Meesho Block Deal Worth Rs 945 Crore
According to a CNBC-TV18 report, around 4.72 crore Meesho shares changed hands in the block deal on Monday.
The shares were reportedly traded at Rs 200.01 per share, putting the total value of the deal at around Rs 945 crore.
The names of the buyers and the floor price of the deal have not been disclosed.
As of June 2026, retail and public shareholders held the largest portion of Meesho’s equity at 69.26%.
Promoters held around 16.41%, while domestic institutional investors (DIIs) held 9.14% and foreign institutional investors (FIIs) held 5.19%.
Meesho Q1 FY27 Results: Revenue Jumps 48%
Meesho also reported strong revenue growth in the first quarter of FY27.
For Q1 FY27, the company’s revenue increased 48.28% year-on-year to Rs 3,712.80 crore.
However, the company remained in the red. Meesho reported a net loss of Rs 132.84 crore during the quarter.
The good news is that the loss narrowed significantly compared with the previous year. In Q1 FY26, the company had reported a loss of Rs 289.36 crore.
This represents a reduction of around 54.09% in net losses.
Should You Buy Meesho Shares?
Meesho’s recent share performance and improving financial numbers have attracted attention from investors and brokerages.
Motilal Oswal has given a BUY rating on the stock and set a target price of Rs 240.
The brokerage believes Meesho’s asset-light business model, negative working capital and the potential for strong free cash flow generation could support higher valuations in the coming years.
According to the brokerage’s estimate, Meesho could see significant free cash flow generation from FY27, with free cash flow potentially rising to more than 4% of net merchandise value by FY31.
Investors should, however, consider the company’s continuing losses, valuation and overall market conditions before making any investment decision.
