Tears of joy: Firstcry shares soar 20% but stock still 47% lower from IPO price

Shares of Firstcry operator Brainbees Solutions surged 20% on Friday, hitting the day's high of Rs 252.07 amid significant volumes, as nearly 6.3 crore shares were traded on the NSE. The traded value of the shares stood at Rs 1,508 crore.

The gains come following two successive sessions of decline.

The reason for today's surge was not known at the time of filing the story.


The multi-channel, multi-brand retailing platform for mothers, babies and kids’ products last week announced the expansion of its ‘Qwik’ delivery service across select pincodes in Bengaluru, Pune and Hyderabad. In a filing to the exchanges, the company said that parents in these cities can now access a wide range of baby and kids' products.

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Firstcry share price performance

Shares of Firstcry are down 47% from their IPO price of Rs 465 per share. The stock hit its 52-week low of Rs 207.05 exactly a month back.

Its initial public offering was launched in August 2024 and the stock made its market debut on August 13, 2024, at Rs 651, implying a 40% listing premium. It went on to hit a lifetime high of Rs 720 on October 16, 2024, and since then it has been a downhill for investors.

Today's surge has pushed the price above its 50-day simple moving average (SMA) of Rs 247.4, according to Trendlyne data. However, it is still trading below its 200-day SMA of Rs 326.1.

The company widened its net losses to Rs 28 crore in the December-ended quarter versus Rs 8 crore in the year-ago period. Total revenue in the quarter under review stood at Rs 2,480 crore compared to Rs 2,217 crore in the corresponding quarter of the previous financial year.

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