Meesho shares zoom 13% to fresh peak; market cap tops Rs 85,000 crore

Newly listed Meesho shares rose sharply to a fresh high, pushing the company's market capitalisation past Rs 85,000 crore despite weak broader markets. Strong trading volumes and a bullish initiation by Choice Institutional Equities, citing a faster path to profitability, reinforced investor confidence in the stocks post-listing rally.