Urban company shares: The shares of the Urban Company have continued to rise since the listing. Today, on September 19, the company’s shares jumped up to 7% in early trade and reached the Intra-Day High of Rs 182.3. This is the third consecutive day when the company’s shares are trading rapidly. With this, the price of the company’s shares has gone up to about 77 percent from its IPO price of Rs 103.
However, later the stock saw a little profit -booking and was trading at the price of Rs 177 with a gain of 4% around 11:30 am.
Let us know that the Urban Company made a bang in the bang stock market on Monday 17 September. The company’s shares were listed at a price of Rs 162.25 on NSE, which was 57% premium from its IPO price. The shares rose further on the day of listing and it closed at the end of the trading at a price of Rs 169 with a gain of 64 percent.
Market experts believe that even after the listing gains, this stock may be a long time. Prashant Tapse, Senior Vice President (Research) of Mehta Equality, said, “If you look at the short-term gains, then the Urban Company is a structural long-term story in the Urban Company Home Services Segment. Investors who have received allotment can hold this stock for the launch term. However, the new investors can hold the shares for the new investors for the new investors to make an entry in this stock. Strategy should be adopted. “
Urban Company is the country’s largest home-service provider company. The company’s CEO Abhiraj Singh recently said in an interview to the Reuters that the company is now focusing on doubling its ability to provide services within an hour, which can attract customers to attract customers who have become accustomed to immediate delivery of everything from grocery accessories to gadgets.
He said that the company is planning to invest in large quantities to create a large network of service professionals in its main markets in the next two to three years, so that it can provide immediate services.
Shringar House of Mangalsutra shares also jumped
Along with the Urban Company, shares of Shringar House of Mangalsutra were also listed. The shares of the Shringar House of Mangalsutra were trading at a price of Rs 190 per share with a gain of over 1 percent during trading today. The stock is now trading up about 16 percent above its Rs 165 IPO price.
The shares of the Shringar House of Mangalsutra were listed on September 17 at a premium of more than 14 percent from their IPO price. This stock is in green mark for the third consecutive day.
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