India's Urban Company jumps after SBI Mutual Fund buys stake

Urban

18/03/2026 04:31

** Shares of Urban Company URBN.NS jump 14% to 126 rupees, their highest point in more than one month

** Stock on track for its best day since its debut on September 18, if gains hold

** On Tuesday, SBI Mutual Fund purchased 35.1 million shares in URBN via bulk deal on the NSE

** More than 27.4 million shares traded, as of 09:45 IST, 7.3x the 30-day avg volume

** YTD, URBN stock down ~6%

 (Reporting by Brijesh Patel in Bengaluru)

 ((Brijesh.Patel1@thomsonreuters.com; Ph no. +91 9590227221;))