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Urban Company Stock Dips Post-Rally; Kotak Projects 21% Growth
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Urban Company Shares Dip After Rally; Kotak Sees 21% Upside Despite Competition
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CNBC TV18
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13-03-2026, 12:36
Urban Company Shares Dip After Rally; Kotak Sees 21% Upside Despite Competition
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Urban Company shares fell 3% on Friday, snapping a four-day rally and nearing its IPO price.
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Kotak Institutional Equities maintains an 'Add' rating with a ₹135 target, projecting a 21% upside.
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InstaHelp business crossed 50,000 daily bookings in February 2026, showing significant scale-up.
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Competition intensifies with rivals Snabbit (30,000 orders) and Pronto (18,000 orders) in the segment.
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A major lock-in expiry on March 17 will make 66% of outstanding equity eligible for trade.
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