Meesho Shares Rally 5% On Strong Festive Sales And Q2 Business Update
Economic Times Markets · stocks
Meesho's shares surged by 5% to Rs 244 on Monday, driven by strong demand during its Mega Blockbuster Sale. Day 1 orders increased by 75% year-on-year, with peak orders exceeding 75,000 per minute. The company reported a 60% rise in transacting customers across various categories. Meesho Mall orders grew over 200%, showing increased adoption of branded products, especially from smaller markets. Creator-led commerce also saw significant growth, with orders rising 3.7 times year-on-year.