The stock has managed to rise in four of the last six trading sessions.
The gains on Tuesday occurred on below-average trading volumes. Approximately 57 lakh shares of Meesho were traded, compared to the 20-day average of 63 lakh shares.
Despite this uptick, the stock continues to hover below its 50-day moving average and remains over 40% lower than its post-listing peak of ₹254.
During today’s trading session, Meesho unveiled “Vaani – Your Meesho Dost”, a generative AI-driven conversational voice shopping assistant designed to enhance e-commerce accessibility, particularly for users in tier 2 and smaller markets.
The company stated in an exchange filing that the assistant aims to mimic the conversational style of offline shopping, enabling users to search, compare, and refine products using voice interactions rather than conventional app navigation, such as typing and applying filters.
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Currently, six analysts are covering Meesho, with two recommending a “buy”, three suggesting “hold”, and one advising a “sell”.
The shares of Meesho are trading 6% higher at ₹150.3. The stock has declined in each of the three months this year, despite some recovery in recent sessions. However, it is still above its issue price of ₹111 per share.
