Shares of home services provider Urban Company Ltd. gained as much as 8% on Tuesday, November 11, after a five-day losing streak saw the stock decline as much as 15%.

The stock had declined over 6% in Monday's trading session, which it has now recovered and gained a little more from those losses.

Over 1 crore shares of the stock have already been traded within the first two hours of the trading session. This is 3x in comparison to the 20-day average of 30 lakh shares at this time of the day.

In its first quarterly result after listing, Urban Company reported a net loss of ₹59 crore, while the India business saw a sharp contraction in margins due to increased investments in the Insta Help business.

Abhiraj Singh Bhal, CMD and CEO at Urban Company, speaking at the CNBC-TV18 Global Leader

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