Meesho shares crack 5% as weak Q2 outlook spooks Street; Citi, Morgan Stanley react

Meesho shares fell after the company warned of slower NMV growth in the September quarter due to the rescheduling of its flagship festive sale and higher customer acquisition spending. While the outlook weighed on sentiment, the e-commerce firm narrowed its quarterly loss to Rs 133 crore from Rs 289 crore a year earlier.