Meesho's shares have surged nearly 60% over the last six months, significantly outperforming the Sensex, which fell 3% during the same period, according to BSE data as of October 7. The stock is up 30% year-to-date, recovering from a 52-week low of ₹125.70 on March 16 to a recent high of ₹254.65 on December 18 last year. However, the stock declined nearly 2% in intraday trading on October 7, ending a two-day winning streak.
The company announced on October 6 that its board approved an investment of up to ₹50 crore in Retail Pulse Labs Private Limited, which will become a step-down subsidiary after acquisition completion. Earlier, on June 12, Meesho had disclosed plans to acquire Kirana Club Pte. Ltd. and its subsidiary Retail Pulse Labs. Meesho also reported a 152% year-on-year growth in net merchandise value through its content commerce ecosystem, supported by over 160,000 active creators across India in the past 12 months.
The stock's strong performance comes amid increased stakes by domestic institutional investors (DIIs) and foreign portfolio investors (FPIs) in the September quarter, reflecting growing confidence in Meesho’s business model. Meesho claims to be India’s largest e-commerce platform by the number of annual transacting users and placed orders, positioning it as a key player in the competitive Indian e-commerce market. The company’s focus on content commerce and creator-driven sales has contributed to its rapid growth.
Meesho’s ongoing acquisitions and expanding creator base underline its strategic push to strengthen its market presence. The company’s shareholding pattern data for the September quarter shows increased participation from DIIs and FPIs, signaling robust investor interest in the platform’s growth trajectory.