Meesho shares rise 2% as Q2 loss narrows to ₹132.4 crore
In short
Meesho shares rose 2% after the company said its Q2 FY27 loss narrowed to ₹132.4 crore. That was better than the ₹411.3 crore loss in the same period last year.
This matters because investors saw the smaller loss as a sign of improvement. The report does not give more details on what drove the change.
What the reporting says
Meesho shares gained 2% after the company reported a narrower loss of ₹132.4 crore in Q2 FY27, compared with a loss of ₹411.3 crore in the same period a year ago. The source says this came alongside CM expansion and upbeat broker views, but it does not provide further operating details. The immediate consequence is a positive market reaction, while the full reason for the improvement is not stated.
Why it matters
Meesho shares gained 2% after the company reported a Q2 FY27 loss of ₹132.4 crore, narrower than the ₹411.3 crore loss a year earlier. The reporting also says CM expanded and brokerages were upbeat, but it does not provide the operating reasons behind the improved result. The immediate market response is positive, though the full sustainability of the trend is not established.