Shares of Brainbees Solutions Ltd., the parent company of baby- and mother-care retailer FirstCry, snapped a nine-session losing streak on September 3, rising around 6% after a prolonged downtrend that had carried the stock from a high of ₹734 down to ₹175.

The sharp fall from its listing peak leaves Brainbees among the notable underperformers among recent market debuts. The company was listed on the Indian stock exchanges in August 2024 following its initial public offering, which comprised a fresh issue and an offer for sale and raised around ₹4,193 crore. Like several recent new-age listings, the stock listed at a premium to its issue price of ₹465 per share before entering an extended slide.

For 2026 so far, Brainbees shares have declined in every single month except April, when the stock rose 15%. Over the longer window, the stock has recorded gains in only one of the last 12 months, underscoring the persistence of its downward trend.

Brainbees Solutions operates FirstCry, one of India's largest online and offline retailers of products for babies, children and mothers, competing in a segment where e-commerce rivals have also faced pressure on profitability and growth metrics. The pullback in newly listed consumer-internet stocks has been a broader theme since late 2024, as investors have turned more selective about loss-making or low-margin internet businesses amid a more cautious market environment.

The stock's rebound on September 3 came after the cumulative slide that had pared the bulk of its value from the post-listing high of ₹734 to around ₹175.

Source: CNBC-TV18