India, Oct. 15 -- Shares of home services company Urban Company surged as much as 8.4% to INR 163.20 on the BSE during the intraday trading today, after a five-day losing streak that had pushed the stock below its listing price.

However, the shares pared some of the gains and were trading 5.9% higher at INR 159.50 at 11:12 IST. The company's market capitalisation stood at INR 22,902.64 Cr (around $ 2.5 Bn), with about 1.8 Cr shares traded by that time.

The rally came a day ahead of the end of the company's one-month shareholder lock-in period tomorrow. A CNBC TV18 report, citing Nuvama Alternative & Quantitative Research, said about 4.15 Cr shares of Urban Company (around 3% of its total equity) will become eligible for trading once the...