Overseas brokerage firm Morgan Stanley has initiated coverage on recently listed new age marketplace player Urban Company. However, the global broking major saw up to 26 per cent downside in the recent debutant, citing its rich valuations and all the positive price in the counter.

Urban Company had made its stock market debut nearly a month ago, in mid-September 2025 after the company raised a total of Rs 1,900.24 crore via IPO by selling its shares for Rs 103 apiece. The stock made a robust Dalal Street debut and scaled Rs 201 on September 22, surging nearly 95 per cent from its issue price. Advertisement

However, the stock had settled at Rs 157.85 on Tuesday but dropped more than 3.5 per cent to Rs 152.20 on Thursday, with its market capitalization slipping below Rs 22,000 crore mark.

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