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The Economic Times
The Economic Times
Veer Sharma

CarTrade Tech shares rocket 6% as Nomura raises target price. Here are 3 reasons why

Shares of CarTrade Tech rallied as much as 6% to their day’s high of Rs 2,846 on the BSE on Wednesday after international brokerage Nomura reiterated its 'Buy' rating and raised its target price to Rs 3,286 from Rs 2,740, implying an upside of 22% from current levels.

The brokerage cited stronger medium-term growth visibility for OLX, driven by higher monetisation, new revenue streams and further margin expansion.

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