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URBANCO Urban News Story

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TechnologySpeculativeMid CapMomentum Trap

India's Urban Company hits record low as shareholder lock-in lifts

** Shares of Urban Company URBN.NS drop as much as 5.8% to record low of 121.4 rupees

** Dip as ~41.4 million shares representing 2.9% stake of online home services provider became available for trading after pre-listing shareholder lock-in lifts

** More than 9.4 million shares traded, 1.9x the 30-day avg volume

** Stock down 38% from its peak of 201.18 rupees hit in late September

 (Reporting by Nandan Mandayam in Bengaluru)

 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))

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