Meesho shares came under significant selling pressure on Monday, December 22, extending losses for the second consecutive day, as investors booked gains following a stellar run in the new-age e-commerce player following its listing on the Indian stock market earlier this month. Meesho shares touched a record high of ₹254.65 on Friday, but soon saw a selling spree. In Monday’s trade, Meesho share price fell 10% to the lower price band of ₹202.05 on the BSE, taking the two-day losses to over 14%. Priced at ₹111, Meesho IPO made a grand debut on Dalal Street on December 10 this month, at a premium of 46% over the offer price. The stock extended gains to 53% higher than the offer price. Amid today’s fall, Meesho lost its multibagger stock status achieved last week. However, despite this, Meesho shares remain 82% above their IPO price, leaving strong gains on the table for investors. More to come…