Highlights
- Meesho Limited (NSE: MEESHO) climbed 10.56% to ₹168.60 on April 09, 2026.
- The stock moved above its 50-day SMA of ₹152.58 after touching ₹172.28.
- RSI improved to 64.91, indicating stronger momentum in the short term.
Fundamental View
Meesho Limited (NSE: MEESHO) reported consolidated total income of ₹359,641.40 lakh for the quarter ended December 2025. However, the company continued to remain loss-making, with a profit before tax of -₹47,859.30 lakh and a net loss of -₹49,067.50 lakh. Earnings per share stood at -₹1.14.
Despite the weak profitability profile, the market appears to be focusing on the recent recovery in the stock price and the strong rise in trading activity.
Technical View
Meesho Limited (NSE: MEESHO) is currently trading near ₹168.60, higher by 10.56% in the session. The stock opened at ₹152.72, slipped briefly to ₹151.15, and then witnessed a sharp intraday recovery to a high of ₹172.28.
The latest move has pushed the stock decisively above its 50-day Simple Moving Average near ₹152.58. This is the first meaningful move above the average after several weeks of trading below it, suggesting that the recent structure has improved.
The chart shows that the stock had been forming a base between ₹138.00 and ₹155.00 through March 2026. Thursday’s strong green candle indicates that the stock may be attempting a breakout from that range.
RSI is currently near 64.91, its highest level in recent weeks. Momentum has improved sharply, although the stock is approaching the upper end of its short-term momentum band.
Momentum Indicator
The stock appears to be entering a stronger phase after reclaiming the 50-day SMA. If it continues to hold above the recent breakout zone, the rally may extend further over the coming sessions.
Key Technical Levels
The immediate downside zone is placed between ₹158.00 and ₹150.00. As long as the stock remains above this band, the near-term structure may continue to stay positive.
On the upside, Meesho Limited (NSE: MEESHO) may gradually move toward the ₹180.00 to ₹190.00 region if the current momentum remains intact.
Source: TradingView
Key Risks
- The company continues to report losses despite the recent rise in the stock.
- The stock has rallied sharply in one session and may see some profit booking.
- A move back below ₹158.00 may weaken the recent breakout pattern.
- High price volatility may continue because of the stock’s recent trading history.
Summary
Meesho Limited (NSE: MEESHO) has shown a sharp improvement in momentum after moving above its 50-day average. The stock is now attempting to build a stronger structure after weeks of consolidation, although traders may watch whether it can sustain above the recent breakout zone.
FAQs
- Why did Meesho share price rise today?
The stock gained after moving above its 50-day SMA and breaking out of its recent trading range. - Is Meesho trading above its 50-day SMA?
Yes, the stock is currently trading above its 50-day SMA of ₹152.58. - What should investors track next?
Investors may track whether the stock sustains above ₹158.00 and continues moving toward higher levels.