Urban Company Shares Jump Over 8% Ahead Of Lock-In Expiry

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Shares of home services company Urban Company surged as much as 8.4% to INR 163.20 on the BSE during the intraday trading today, after a five-day losing streak that had pushed the stock below its listing price.

However, the shares pared some of the gains and were trading 5.9% higher at INR 159.50 at 11:12 IST. The company’s market capitalisation stood at INR 22,902.64 Cr (around $ 2.5 Bn), with about 1.8 Cr shares traded by that time.

The rally came a day ahead of the end of the company’s…



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Urban Company Shares Jump Over 8% Ahead Of Lock-In Expiry


Shares of home services company Urban Company surged as much as 8.4% to INR 163.20 on the BSE during the intraday trading today, after a five-day losing streak that had pushed the stock below its listing price.

However, the shares pared some of the gains and were trading 5.9% higher at INR 159.50 at 11:12 IST. The company’s market capitalisation stood at INR 22,902.64 Cr (around $ 2.5 Bn), with about 1.8 Cr shares traded by that time.

The rally came a day ahead of the end of the company’s…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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