Meesho shares crack 5% as weak Q2 outlook spooks Street; Citi, Morgan Stanley react

Shares of Meesho declined as much as 5% to their day’s low of Rs 181.30 on the BSE on Friday after announcing that it expects on-year growth in net merchandise value (NMV) to dip in the July-September quarter, and plans to increase spending on acquiring new users as it builds up to the festive se...

First seen 3h ago · latest update 3h ago · World · business