Urban Company shares surge 8%, snap five-day losing streak after results

Shares of home services provider Urban Company Ltd. gained as much as 8% on Tuesday, November 11, after a five-day losing streak saw the stock decline as much as 15%.

The stock had declined over 6% in Monday's trading session, which it has now recovered and gained a little more from those losses.

Over 1 crore shares of the stock have already been traded within the first two hours of the trading session. This is 3x in comparison to the 20-day average of 30 lakh shares at this time of the day.

In its first quarterly result after listing, Urban Company reported a net loss of ₹59 crore, while the India business saw a sharp contraction in margins due to increased investments in the Insta Help business.

Abhiraj Singh Bhal, CMD and CEO at Urban Company, speaking at the CNBC-TV18 Global Leadership Summit 2025, said that when a company goes global, one learns how to make products that are globally competitive.

Urban Company's shares had nearly doubled in a few days after listing, making a post-listing high of ₹201 on September 22, in comparison to its issue price of ₹103 per share. As of Monday's closing, the stock was down 33% from that post-listing high.

Shares of Urban Company are currently trading 7.3% higher on Tuesday at ₹142.6. The stock still remains around 40% higher than its issue price.