CarTrade Shares Hit Fresh 52-Week High At INR 1,336.40

Shares of CarTrade rallied more than 13% to reach a fresh 52-week high at INR 1,336.40 apiece during the intraday trading on the BSE

The stock has been on an upward curve since the company reported a 509% jump in its consolidated net profit to INR 30.72 Cr in the September quarter of FY25

Founded in 2009, CarTrade is an auto auction platform that facilitates the sale of both new and used vehicles

Shares of CarTrade rallied more than 13% to reach a fresh 52-week high at INR 1,336.40 apiece on the BSE in the early trading hours on Tuesday (November 19).

However, the stock shed some of the gains later in the day and ended the trading session 9.7% higher at INR 1,290.

The upward swing in the stock price coincided with a rally in the broader Indian equities market. While the 30-share BSE Sensex rose 1.4% to reach an intraday peak of 78,451.65, Nifty50 rose nearly 1.2% to reach the day’s high at 23,780.65.

Shares of CarTrade have been on an upward…