Shares of omnichannel retailer FirstCry’s parent, Brainbees Solutions, slumped as much as 6.42% to INR 474.00 on the BSE during intraday trading today (February 3).

However, the stock pared some losses, trading 5.3% lower at INR 479.25 as of 10:55 AM.

At the time, approximately 1.5 lakh shares of Brainbees Solutions changed hands, and the company’s market capitalisation stood at INR 24,832.58 Cr.

The stock’s decline aligned with a broader downturn in benchmark indices, triggered by heightened global uncertainty following new US tariff measures introduced by President Donald Trump on February 1, 2025.

The US imposed a 25% duty on imports from Canada and Mexico, along with a 10% levy on its largest trade partner, China.

Amid this, the Sensex plunged over 700 points in early trade, while the NSE Nifty slipped below the 23,300 mark.

However, by 11 AM, the Sensex had recovered some losses, trading 425.04 points (0.55%) lower at 77,081.74, while the Nifty 50 was down 161.05 points (0.69%) at 23,319.35.

Despite the stock ending its last three trading sessions in green, it has underperformed in both the short and long term.

The stock has fallen 26.72% over the past month and delivered a negative return of 29.97% over the past year.

On the financial front, the company reduced its in Q2 FY25, compared to INR 119.41 Cr in the same quarter last year, driven by strong topline growth. Sequentially, losses narrowed by 16.9% from INR 75.69 Cr in the previous quarter.

The company’s Board of Directors is set to meet on February 8, 2025, to review and approve its unaudited financial results (standalone and consolidated) for the quarter and nine months ending December 31, 2024.

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