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Urban Company's shares rose 18% to ₹152 as strong June-quarter earnings exceeded expectations. Despite a net loss of ₹92.1 crore due to investments in InstaHelp, the company saw significant growth, with NTV and revenue increasing 42% and 44% YoY, respectively.
Urban Company shares jump 18% to 12-week high after Q1 earnings
Impact Score
Market Sentiment
↑BullishPrimary Sectors
Urban Company's shares rose 18% to ₹152 as strong June-quarter earnings exceeded expectations. Despite a net loss of ₹92.1 crore due to investments in InstaHelp, the company saw significant growth, with NTV and revenue increasing 42% and 44% YoY, respectively.
Key Highlights
Urban Company's shares rose 18% to ₹152 as strong June-quarter earnings exceeded expectations.
Despite a net loss of ₹92.1 crore due to investments in InstaHelp, the company saw significant growth, with NTV and revenue increasing 42% and 44% YoY, respectively..
Source
Livemint
Published
2h ago
Impact Score
75 / 100
Category
Corporate Earnings
Positive near-term momentum expected in Corporate Earnings as market digests this development.
What this means
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