India's Urban Company slips; BofA downgrades to 'underperform' on intense competition

Urban

26/08/2026 05:12

** Shares of home services provider Urban Company URBN.NS edge 0.1% lower to 169.1 rupees 
** BofA Global Research downgrades stock to "underperform", while maintaining its PT of 155 rupees
** Brokerage downgrades URBN after recent stock outperformance, cites the risk reward is now skewed to the downside
** BofA says competition in the InstaHelp segment has intensified as peers Snabbit and Pronto raise capital, ramp up discounts and expand into new markets
** "We expect the losses to remain high for forseeable future," says BofA 
** Expects higher competition and investments in InstaHelp to drag down overall EPS 
** Four of 9 brokerages rate the stock "buy" or higher, two "hold" and three "sell"; their median PT is 145 rupees
** YTD, URBN stock up 26.8%

 (Reporting by Abhinav Parmar in Bengaluru)
 ((Abhinav.Parmar@thomsonreuters.com;))