Key Points
- Stock Fall: Meesho shares dropped 5% after the resignation of its GM – Business.
- Market Cap Impact: Around ₹40,000 crore wiped off from Meesho’s market capitalization since its December high.
- December Peak: The stock hit a high of ₹254.40 in December.
- Current Decline: It has now fallen over 35% from that December high.
📌 Implication: Leadership changes at key management positions can spook investors, especially for tech and growth stocks like Meesho, leading to sharp short-term price corrections.
If you want, I can also summarize what analysts expect next for Meesho shares and whether it’s a buy, hold, or sell now. Do you want me to do that?
