Meesho shares remain in focus ahead of Q4 results after a sharp 60% rebound from March lows. While brokerages expect strong NMV growth, concerns around valuations and overbought technical indicators persist. Analysts see near-term volatility, with profitability still a few years away despite improving operational metrics and strong user growth.
Market in consolidation phase, break above 24,600 crucial for trend shift: Gautam Shah
Indian stock markets are seeing a shift. Leadership is narrowing, with energy, PSU, metals, real estate, and pharma sectors poised for growth. The auto sector