Motilal Oswal keeps Neutral ratings on Urban Company and Shoppers Stop
Motilal Oswal kept Neutral ratings on Urban Company with a target of INR165 and on Shoppers Stop with a target of INR410 after second-quarter results.
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what happened
According to Moneycontrol, citing Motilal Oswal research, the broker kept its Neutral rating on Urban Company and revised its target price to INR165. Consolidated net transaction value (NTV) in the second quarter rose 39% year on year to INR14.3 billion, close to the broker's 38% estimate. NTV in India consumer services grew 26%, while InstaHelp NTV came in at INR710 million against an expected INR742 million.
Shoppers Stop's profitability kept recovering in the second quarter of FY27. Pre-Ind AS EBITDA climbed 56% to INR430 million, margins widened about 90 basis points to 3.0%, and profit after tax turned positive at INR31 million from a loss of INR201 million a year earlier. Department store like-for-like growth was 2%, or 6.5% adjusted for festive timing. The broker retains Neutral and revised its target to INR410.
why it matters
This is broker research rather than a market-wide event, and both stocks stay in the neutral category. Motilal Oswal says continued investment in InstaHelp and limited visibility on profitability through FY31 keep Urban Company's risk-reward balanced. For Shoppers Stop, the firm wants clearer visibility on store expansion before changing its view.
tags
instruments
sources
- Neutral Urban Company; target of Rs 165: Motilal Oswal — moneycontrol.com, 19 October 2026 at 08:35 UTC
- Neutral Shoppers Stop; target of Rs 410: Motilal Oswal — moneycontrol.com, 19 October 2026 at 08:35 UTC
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