CarTrade Tech shares hit a new high of Rs 1,765.20, surging 14% on the BSE in Thursday's intra-day trade after it reported PAT of Rs 45.53 crore in Q3FY25, against loss of Rs 23.55 crore in Q3FY24
CarTrade Tech share price today hit an over three-year high of Rs 1,618, its highest level since September 2021
Our dominance in the consumer group is unparalleled, especially in the auto portal segment, said Aneesha Menon
A rise in cost of capital has already weighed on the related stocks all across the globe over the past few months
Despite the likelihood of an aggressive rate hike by the US Federal Reserve (US Fed), a correction in equity markets, analysts expect the primary market action to stay on track, albeit a minor hiccup
CarTrade is an electronic exchange focusing on auto sector and thus there is no peer company having similar business operations
Will use funds to buy smaller firms in used and new car space, and for car financing
Around 9,000 new and used car dealers are listed on CarTrade, including 7,500 used car dealers