Overview

• Meesho share price dropped about 10% to Rs. 143.34 after the company disclosed a Rs. 1,499.73 crore tax demand for the assessment year 2023-24.

• The stock opened at Rs. 147.05 and reached a high of Rs. 149.90 before falling sharply, with trading volume rising above 2.4 crore shares.

• Investors are now closely watching the legal challenge because the company has faced a similar tax dispute earlier involving Rs. 572 crore.

Meesho share price crashed by 10% to Rs. 143.34 at press time. The reason the stock price fell so hard was a tax demand for Rs. 1,499.73 crore. This bill is for the 2023-24 assessment year. The tax office sent two notices to the company under Section 143(3) and Section 156 of the Income Tax Act. Meesho told the stock exchange that it does not agree with what the tax office said. The company thinks it has a strong case and plans to fight the order in court. Even though the e-commerce giant wants to challenge it, the news made investors nervous.

Here’s an in-depth analysis of Meesho share price based on Moneycontrol data.

Key Market Data and Trading Levels

Meesho stock opened at Rs. 147.05. It tried to go up a bit, hitting a high of Rs. 149.90, but it quickly turned around. The total value of shares traded was about Rs. 34,993.65 lacs, and the volume was over 2.4 crore shares. This is much higher than the usual 20-day average volume of 22,69,484 shares. The company now has a market cap of Rs. 64,691 crore. On the other hand, the stock is now far away from its 52-week high of Rs. 254.40.

Meesho share price chart on Moneycontrol shows the sharp fall the stock has faced since the tax demand news came out:

Past Tax Issues and Sector Trends

This is not the first time Meesho has run into tax trouble. The company already has a court case going on for the 2022-23 assessment year. In that case, the tax office asked for Rs. 572 crore. That dispute was about things like money spent on ads and communication. Tax experts say these things often happen to e-commerce companies. The government usually questions how these platforms list their costs to show less profit. While Meesho is a fast-growing company that was listed on December 10, 2025, at Rs. 162.5, these legal battles are starting to weigh on its market value.

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Final Thoughts: What Analysts and Numbers Show

Despite the 10% loss today, some experts still see hope. Out of five analysts on Moneycontrol, 40% gave Meesho shares a ‘Buy’ rating while 40% suggested ‘Hold’. The book value per share is quite low at 3.48, and P/B ratio is high at 41.19. This shows the stock is still priced at a premium compared to its actual assets.

The sector PE is around 141.97, which shows the whole e-commerce space is expensive. Investors will now watch the court case closely. If the company wins, the stock could jump back. However, for now, the Rs. 1,499.73 crore tax demand is a heavy cloud over Meesho share price.

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FAQs

1. Why did Meesho stock fall?

Meesho share price fell mainly because the Income Tax Department issued a tax demand of Rs. 1,499.73 crore for the assessment year 2023-24. The notice was issued after a review of the company’s tax filings. When investors heard this news, many became cautious and started selling the stock, which pushed the price down sharply.

2. What is Meesho share price today?

At press time on March 9, Meesho share price was around Rs. 143.34. The stock opened at Rs. 147.05 during the trading session and touched an intraday high of Rs. 149.90. However, heavy selling pressure later pushed the stock down by about 10%, making it one of the major movers in the stock market today.

3. What is the tax demand against Meesho?

The Rs. 1,499.73 crore tax demand is a claim raised by the Income Tax Department after reviewing the company’s financial filings for the assessment year 2023-24. The authorities issued notices under Section 143(3) and Section 156 of the Income Tax Act. Meesho has said it does not agree with the order and plans to challenge it legally.

4. Has Meesho faced tax issues before?

Yes, this is not the first tax dispute involving Meesho. The company earlier faced a tax claim of Rs. 572 crore related to the assessment year 2022-23. That case involved questions about expenses such as advertising and communication costs. These types of disputes sometimes happen in the e-commerce sector due to how companies record business expenses.

5. What is the future outlook for Meesho share price?

Some analysts believe the stock could recover if the company successfully challenges the tax demand in court. Out of five analysts tracked on Money control, about 40% suggest buying the stock, while another 40% recommend holding it. However, investors are still watching the legal case closely before making major decisions.