Meesho shares experienced a significant decline, hitting a 5% lower circuit for multiple consecutive sessions. This downturn is attributed to two primary factors: the resignation of a General Manager for Business and the expiry of the one-month IPO shareholder lock-in period, which made approximately 110 million shares eligible for trading. Despite these drops, the stock remains above its IPO issue price and listing price, though it has fallen considerably from its December high. Analysts offer mixed views, with some suggesting valuations are stretched while others remain cautiously optimistic.