India, March 17 -- Shares of one of India's most recognised home services platforms, connecting customers for home & beauty needs, cleaning and repairs, and salon and spa services, slipped over 5 percent on Tuesday. The drop came after the expiry of a 6-month lock-in period, which made nearly 66 percent of the company's equity eligible for trading, alongside a block deal worth around Rs. 385 crores.

Price Movement With a market cap of Rs. 16,084 crores, shares of Urban Company Limited are currently trading in the red at Rs. 110 on BSE, down by around 3 percent, compared to its previous closing price of Rs. 113.35. The stock has delivered negative returns of around 34 percent in six months, as well as nearly 8 percent in the last one mon...