Meesho stake sale: American financial services company Fidelity offloaded a 1.3% stake in new-age tech stock , bringing the stock into the limelight on Thursday, 11 June.
According to the bulk deal data available on the National Stock Exchange (NSE), Fidelity Investments, through its two affiliates, FID FDI 2117 LLC and FID FDI 312 LLC, offloaded a total of 5,98,16,300 shares representing a 1.31% stake in Meesho on Wednesday. The shares were sold at ₹165.18 and ₹165.21, taking the total transaction value to ₹988.15 crore.
The details of the buyers were not known immediately. Fidelity held a 1.13% stake in Meesho at the end of the March quarter, shows the BSE shareholding pattern.
Meesho shares have been in focus recently following the for several pre-IPO investors and coverage by several global brokerages on the recently-listed stock.
What Jefferies and Macquarie said on Meesho shares
Jefferies initiated coverage on Meesho shares a day ago with a ‘Buy’ rating and a target price of ₹225, led by the company’s efforts to build a scale-led value commerce platform anchored in affordability, discovery, & logistics efficiency.
, supported by a deep MSME supply network, which is driving a strong flywheel. “A growth-led approach should keep monetisation back-ended, with take rates expanding over time. We forecast c25% NMV CAGR & c3% adj. EBITDA margin by FY30. B/S is net cash with negative working capital, supporting capital-efficient growth,” it added.
Macquarie, however, assigned an ‘Underperform’ rating on Meesho shares earlier this month on June 5. It said that while Meesho is well-placed for robust order growth, and it likes the company’s FCF focus, deflating order values limits platform economics.
“The current share price embeds Meesho’s growth flywheels remaining in overdrive for the next five years alongside sharp platform monetisation,” it added.
Meesho share price trend
Meesho shares, which listed in December last year, are currently trading 51% above the offer price of ₹111. However, in 2026 so far, Meesho share price has declined in five of the six months of the year, taking its year-to-date (YTD) decline to 7%, as the company’s loss-making business and valuations remain a concern.
Last month, for the fourth quarter ended March 31. The company had posted a net loss of ₹1,391.38 crore in the corresponding quarter of the previous financial year. Its revenue rose 47% YoY to ₹3531 crore in the said period.
Meesho is yet to break even on operating profit, and even if one assumes it is a matter of time, the stock trades at c.45x FY29E adjusted EBITDA—a multiple that is not cheap by any standard, brokerage JM Financial said in a note last month.
The brokerage added that it likes Meesho’s differentiated play in value commerce and appreciates its monopolistic market positioning, but “investors should await better entry levels before turning constructive on the stock.”
Meesho shares were trading 1.5% higher at ₹168.50 apiece on the BSE today.
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