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Meesho shares surge 14%, heavy volumes drive sharp move
Around 3.4 crore shares have changed hands in the first 90 minutes of trade, significantly higher than the 20-day average of 26 lakh shares for this time of the day.
HSBC does not see much upside in Meesho; says profits may come at the cost of growth
HSBC said that Meesho's longer-term valuation will depend on the company's ability to monetise customer data beyond its core e-commerce business.
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 shares plunge 10% on Rs 1,500 crore tax demand; down 44% from Dec high
Shares of Meesho fell 10% to hit the lower circuit after the company revealed a Rs 1,500-crore tax demand from the Income Tax Department, nearly half of its Q3 operating revenue. The demand relates to the 2023-24 assessment year. Meesho said it disagrees with the order and is evaluating legal and factual grounds to contest it.
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.
Meesho shares jump 12% on JP Morgan's 'Overweight' rating, global brokerage sees over 24% upside
The US-based brokerage said Meesho is building a discovery-led marketplace that functions as a long-tail advertising network with embedded logistics.
Stocks to Watch Today: TVS Motor, Exide Industries, Meesho, Groww, Gujarat Themis, Glenmark Pharma, Hindalco, Eicher Motors, Divis Labs, NTPC in focus on 25 May
Stocks to Watch, 25 May: Stocks like NTPC, Hindalco Industries, Eicher Motors, Torrent Pharmaceuticals, Colgate Palmolive India, Divis Laboratories, Tata Capital, Lenskart Solutions, LG Electronics, Meesho, ICICI Prudential AMC, and Billionbrains Garage Ventures Groww will be in focus on May 28.