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NSE:CARTRADE 28 October 2025

CarTrade Tech Stock Skyrockets on Blowout Q2 Results – Can the Rally Keep Going?

CarTrade Tech Stock Skyrockets on Blowout Q2 Results – Can the Rally Keep Going?

CarTrade Tech shares surged 13% on Oct 28, 2025, hitting a 52-week high of ₹3,008 after Q2 net profit more than doubled year-on-year to ₹64.1 crore and revenue rose 25% to ₹193.4 crore. The stock is up nearly 800% since March 2023 lows. Analysts remain divided on future upside, with consensus targets below current levels. Festive demand and a GST cut on EVs fueled record platform traffic in late September.

Stock Market Today

  • March 20: Indian Markets Rebound on Easing Oil Prices and Global Sentiment
    March 20, 2026, 3:10 PM EDT. Indian equity markets showed resilience on March 20, with the BSE Sensex rising 325 points to 74,532 and the Nifty 50 climbing over 112 points above 23,100. Easing crude oil prices and hopes of tension de-escalation in the Middle East lifted sentiment amid a cautious backdrop. IT and PSU banks led sector gains, while midcaps and smallcaps saw moderate advances. However, pressure on heavyweight HDFC Bank lingered due to governance concerns. Persistent headwinds include net selling by foreign investors, a weakening rupee near a record low of 93 per USD, and elevated oil prices above $110 per barrel. Global markets were mixed; gold rose over 1%, signaling safe-haven demand, while India's 10-year bond yield inched up. Market watchers expect consolidation with volatility linked to oil, global policy, and geopolitical risks.
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