Urban Company shares rise 4% after Rs 428 Cr block deal

Home services marketplace Urban Company witnessed a block deal worth around Rs 428.4 crore, involving 3.15 crore shares or 2.13% of the company's total share capital. According to NSE block deal data, 3.15 crore shares of the home services platform changed hands at Rs 136 per share. SBI Mutual Fund reportedly is the buyer, while Accel and VY Capital are the sellers. SBI Mutual Fund has been steadily increasing its exposure to Urban Company. The mutual fund had acquired an additional 4% stake in the company through bulk and block deals worth Rs 632 crore in March 2026. Its stake in the company stood at 6.59% before the latest transaction. Prior to the latest transaction, Accel held a 6.99% stake in Urban Company, while VY Capital held around 12.9% through four entities: Vyc11 Limited, Vyc23 Limited, Dharana Fund, L.P., and Dharanauc Limited, according to the company’s shareholding data. The latest development comes after global brokerage Morgan Stanley upgraded Urban Company to “ Overweight ” from “Underweight” and sharply raised its target price to Rs 165 from Rs 128 In Q1 FY27, the company reported a 44% year-on-year growth in operating revenue to Rs 528 crore . However, it slipped into a loss of Rs 92 crore during the quarter amid continued investments in its InstaHelp business. The latest transaction boosted investor sentiment, with Urban Company’s shares rising over 4% to around Rs 144.6 as of 11:25 AM on Thursday. At this level, the company’s market capitalisation stood…