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Top Gainers & Losers on April 09: Ola Electric, Meesho, Ather Energy, Honasa Consumer, HFCL among top gainers - Mint
Top Gainers & Losers on April 09: Ola Electric, Meesho, Ather Energy, Honasa Consumer, HFCL among top gainersMint
Top Gainers & Losers on April 09: Ola Electric, Meesho, Ather Energy, Honasa Consumer, HFCL among top gainers
Renewed Middle East tensions and increasing oil prices caused the Indian stock market to retreat, snapping a five-day winning streak. The Nifty 50 fell nearly 1% and the S&P BSE Sensex by 1.22%, while the broader market saw gains in several sectors.
Top Gainers & Losers on Mar 09: PG Electroplast, HPCL, RVNL, Meesho, Paras Defence, Bank of India among top losers
The escalating US-Iran war is driving the Indian stock market down, with the Nifty 50 and Sensex reaching 10-month lows. Rising crude oil prices and a weakening domestic currency contribute to a decline in investor confidence amid regional chaos.
Meesho stock tank 10% after ₹1,500 crore income tax demand, shareholder lock-in ends
Around 109.9 million of Meesho's shares, or 2% of its outstanding equity, has become eligible for trading on Monday, as per Nuvama Alternative and Quantitative Research.
Meesho share price tumbles 10% after ₹1,500 crore tax demand for FY24
Meesho share price dropped 10% on March 9 after receiving an income tax demand of nearly ₹1,500 crore for the 2023-24 assessment year. The company plans to contest the order legally, as detailed in a stock exchange filing.
Stocks to Watch for March 9: Meesho, Go Digit, Tata Power, Yes Bank and more
Tata Power partners with Salesforce for digital transformation. Yes Bank appoints Vinay Tonse as MD and CEO (designate) from March 2026. Dr. Reddy's cleared by US DOJ. Tencent Cloud Europe BV sells 1% stake in PB Fintech. R Systems declares interim dividend. Kotak Mahindra appoints Anup Kumar Saha as Director. GNFC's neem urea production hit by RLNG issues. UltraTech acquires 26.2% stake in Sunsure Solarpark. RITES revises estimates for Mysuru–Hassan–Mangaluru electrification. Sanjeev Kumar S relieved as CFO of Kirloskar Electric.
Meesho receives ₹1,500 crore income tax demand for AY24, to contest order
On Friday (March 6), shares of Meesho Ltd ended at ₹159.10, up by ₹0.70, or 0.44%, on the BSE.
Meesho shares up 7% in two sessions; Here's why Monday's session is important
As per Nuvama Alternative and Quantitative Research, nearly 109.9 million shares, or 2% of the company's outstanding equity, will become eligible for trading once the lock-in period ends on Monday.
Amazon cuts seller fees, again; escalates fee war with Meesho, Flipkart
As the zero-commission model gains momentum in small towns and rural markets, Amazon is leaning on lower commissions for cheaper goods to attract small sellers to the platform.
Buzzing Stocks: HGS surges 13% on project GANGA launch; HDFC Bank gains after Lilavati Trust plea dismissal
Hinduja Global Solutions (HGS) rallied 13% after launching Project GANGA, while Meesho gained 3% after Jefferies initiated coverage with a 'Buy' rating.
How fast can Meesho scale up while sustaining unit economics?
Strong order momentum and logistics normalisation drive margin recovery, monetisation levers begin to deliver
Meesho stock gains 2.5% as Citi initiates coverage with Buy rating, sees value-commerce opportunity
Citi described Meesho as a value-focused e-commerce platform with strong strategic differentiation and said its marketplace-led model helps reduce operating costs for sellers while offering affordable products to consumers.