Meesho shares drop amid valuation concerns

Meesho is an e-commerce company in India.

Its shares have been going down recently.

Two big financial companies, JM Financial and Morgan Stanley, said the shares might not go up much more.

They think the company is doing well, but it's not making a profit yet.

Meesho sells things to people who want to spend less money, mostly in smaller cities.

The company has lots of users and sellers, and it's expected to grow a lot in the next few years.

But there are some risks, like problems with delivering goods and some big investors might sell their shares soon.