CarTrade Tech jumps 6% as Nomura lifts target to ₹3,286, sees ~22% upside
Nomura reaffirmed Buy on CarTrade Tech and raised its target to ₹3,286 from ₹2,740, flagging OLX monetisation, new used-car financing with IDFC First Bank and margin expansion. The stock has gained 60% over the past year, backed by 30M monthly active users and a 63% share of used-car listings.
CarTrade Tech shares jumped 6% after Nomura reaffirmed Buy and raised target to ₹3,286, citing OLX monetisation, new used-car financing with IDFC First Bank, and strong margin expansion prospects.