CarTrade Tech Shares Surge to Record High

Shares of CarTrade Tech (CARTRADE) soared 11.3% to a record high of ₹2,965.4, marking the biggest intraday percentage gain for the stock since January 29.

The online vehicle classifieds and auction portal reported that its consolidated net profit more than doubled year-on-year for the September quarter, while revenue from operations rose 25.4% y/y, driving strong investor interest.

Currently, 8 analysts rate CarTrade Tech as "hold", with a median price target of ₹2,409.01, according to LSEG data. The stock has doubled year-to-date (up 100%), reflecting robust market performance.

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