Brainbees Solutions, the operator of FirstCry, saw its shares surge 13% on Friday, rebounding after a four-day decline following Q3 earnings announcement.

Brainbees Solutions, the operator of FirstCry, saw its shares surge 13% on Friday, rebounding after a four-day decline following Q3 earnings announcement. The stock hit an intraday high of Rs 241.55 on the NSE with significantly elevated trading volumes. Despite the rebound, the stock remains under pressure, having plunged 40% over the past year and trading below both its 50-day and 200-day moving averages. The company reported a widened net loss of Rs 38 crore in Q3 compared to Rs 14.7 crore year-ago, driven by expansion expenses in its rapid-delivery service. However, quarter-on-quarter performance showed improvement with net loss narrowing 24% from Q2. Operating revenue grew 11.6% YoY to Rs 2,423 crore while expenses rose 12.7%, indicating margin pressure. The company's GMV reached Rs 3,424 crore with 10% YoY growth, while its Rocketbees rapid delivery service expanded to 22 cities.