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The Economic Times

Business

Debaroti Adhikary

Meesho shares drop 4% after block deal worth Rs 900 crore. Should you buy the dip?

Meesho UBS Debaroti Adhikary SEBI

Meesho shares fell nearly 4% on Wednesday, giving up part of Tuesday’s sharp gains. The decline came as a large block deal worth around Rs 900 crore was reported on the BSE.

As many as 3.86 crore Meesho shares changed hands in a block deal at Rs 233 apiece, taking the total value of the transaction to Rs 899.71 crore, ET Now reported.

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