Meesho shares climbed 5.4% on August 20 to close at a three-month high of ₹207. The stock extended its rally for a fourth consecutive day. This momentum follows a June-quarter report showing a 48% increase in operational revenue. The company also successfully narrowed its net loss during this period.
Market sentiment turned bullish despite an initial negative reaction to the earnings. Analysts highlight improving unit economics and an asset-light business model as primary growth drivers. Motilal Oswal and Choice Broking recently upgraded or initiated Buy ratings for the company.