Urban Company Shares Jump 8% As UBS Initiates Buy Rating

21 Aug 2026, 12:49 pm · 22d ago · 1 min read · Inc42

Shares of Urban Company surged up to 8.1% to ₹157.35 on the BSE after global brokerage UBS initiated coverage with a ‘Buy’ rating and a target price of ₹180. The company’s market capitalisation reached ₹24,110 crore. UBS noted that India’s online home services sector is approaching a rapid-growth phase comparable to Blinkit's trajectory. The brokerage projects Urban Company’s net transaction value to expand at a 32% CAGR from ₹4,300 crore in FY26 to ₹10,000 crore by FY29. Additionally, Morgan Stanley recently upgraded the firm to ‘Overweight’ with a target price of ₹165.