India's Urban Company surges on higher transaction value, rev growth; Morgan Stanley hikes to 'overweight'
BUZZ-India's Urban Company surges on higher transaction value, rev growth; Morgan Stanley hikes to 'overweight' ** Shares of home services platform Urban Company URBN.NS jump 13% to 146.70 rupees - biggest percentage rise since listing on Sept. 17, 2025
** Stock trading at highest level since May 6
** Co reported 43.9% jump in Q1 revenue to 5.28 billion rupees ($55.50 million)
** Consolidated net transaction value up 42% y/y, with acceleration across consumer services, international operations, native, and InstaHelp
** Morgan Stanley (upgrades to "overweight", raises PT rais to 165 rupees from 128 rupees) believes competition concerns could alleviate sooner than later in InstaHelp segment with URBN allocating significant capital in the business
** BofA Securies ("Neutral", TP: 155 rupees) flags better unit economics in InstaHelp despite rapid scale-up and management's focus on market leadership over profitability
** YTD, stock up 9.8%
($1 = 95.1350 Indian rupees)
(Reporting by Saikeerthi in Bengaluru)
((Saikeerthi@thomsonreuters.com; (+91) 8296756080))
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