Shares of at-home professional services platform Urban Company jumped more than 11.2% on Wednesday, reaching an intraday high of Rs 179 on the BSE.
The surge comes after the stock debuted at a 56% premium to its initial public offering (IPO) price, News.Az reports, citing The Economic Times.
The stock got listed at Rs 161 on the BSE, against the upper end of its price band at Rs 103, while on the NSE, the Urban Company stock debuted at Rs 162.25 apiece.
With the robust listing, analysts broadly advise investors to book some gains and hold the remaining shares with a long-term view.
