Urban Company shares tumble post-lock-in expiry; brokerages bearish

• Urban Company shares fell 6% as a three-month shareholder lock-in period ended on December 15.
• Approximately 41.5 million shares (3% of outstanding, valued at ₹534 crore) became eligible for trade.
• Brokerage firms like Morgan Stanley, Goldman Sachs, and Kotak initiated coverage with ratings expecting further stock decline.
• Morgan Stanley set a price target of ₹117 ('Underweight'), Goldman Sachs ₹140 ('Neutral'), and Kotak ₹120 ('Sell').
• Despite the recent fall, the stock remains 21% above its IPO price of ₹103, having previously nearly doubled post-listing.

Why It Matters: Urban Company's stock fall after lock-in period affects investor value.