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Meesho share price inches close to 52-week high on strong festival sales | Is it time to book profits?

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⚡ Instant Key Takeaways (TL;DR)
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Core Development: Meesho share price inches close to 52-week high on strong festival sales | Is it time to book profits?
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Market & Financial Impact: Meesho shares opened at ₹240 per share on NSE today, as compared to previous close of ₹232.74 on Friday and touched an intraday high of ₹245.50, nearing 52-week high price of ₹254.40.
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Actionable Insight: 🟢 Bullish Trigger: Positive business expansion or earnings beat may attract institutional and retail buying.

E-commerce platform Meesho share price jumped over 5% in Monday's trading session after the company reported a strong start to its Meesho Mega Blockbuster Sale 2026.

Meesho shares opened at ₹240 per share on NSE today, as compared to previous close of ₹232.74 on Friday and touched an intraday high of ₹245.50, nearing 52-week high price of ₹254.40.

In an exchange filing on 12 October, Meesho said that its Mega Blockbuster Sale 2026 opened to strong demand across India, with Day 1 orders growing 75% year-on-year (YoY).

It further informed that the company recorded a sharp surge in festive demand, with orders peaking at over 75,000 per minute within just 15 minutes of the sale going live. The number of transacting customers rose around 60% year-on-year, driven by strong demand across categories such as fashion, home and kitchen, beauty and personal care, kids’ products, and electronic accessories.

Meesho Mall recorded a more than 200% year-on-year (YoY) increase in orders on Day 1 of the sale, highlighting the growing demand for branded products beyond major cities. The number of Mall customers from Tier 3 and smaller markets nearly tripled compared with the year-ago period. More than one in three shoppers purchased a Mall product for the first time, choosing from over 1,000 brands.

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Official Publisher Attribution: This report is aggregated from LiveMint. ZeroLive provides live aggregation, automated sentiment synthesis, and exchange disclosure monitoring for retail market participants.
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