Meesho shares fall 8% after IPO surge; individual stock performance deemed irrelevant for exams.
Summary
The provided article discusses the daily movement and performance of an individual stock (Meesho) in the stock market. It details a short-term fall of 8% after an initial surge post-IPO. Such daily fluctuations and specific stock performance are generally not considered relevant for competitive exams, which focus on broader economic policies, market trends, or regulatory changes rather than individual company stock movements.
Key Points
- 1Meesho shares fell 8% over two sessions.
- 2The decline followed a surge of over 100% since its IPO.
- 3Meesho's IPO date was December 10.
- 4Factors cited for pullback include low free-float and short-covering.
- 5The article focuses on individual stock performance, which is generally not exam-relevant.
Full Article
Meesho shares have fallen 8% over two sessions after surging more than 100% since its December 10 IPO. Low free-float, short-covering, and intense early demand are driving the pullback despite strong analyst support.
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