📰 ET Markets 🟢 BULLISH 🕒 29 Oct 2026, 10:08 AM IST

CarTrade Tech shares tank over 6% after Q2 results, but Nomura raises target price to Rs 3,377. Here’s why

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Core Development: CarTrade Tech shares tank over 6% after Q2 results, but Nomura raises target price to Rs 3,377. Here’s why

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Market & Financial Impact: CarTrade Tech shares fell 6.5% after Q2FY27 net profit rose 3% year-on-year to Rs 66 crore, while revenue increased 10% to Rs 213 crore. Nomura raised its target price to Rs 3,377 from Rs 3,340, citing growth potential in OLX India, improving consumer business prospects and operating leverage, despite trimming revenue estimates by around 3%.

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Actionable Insight: 🟢 Bullish Trigger: Positive business expansion or earnings beat may attract institutional and retail buying.

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Official Publisher Attribution: This report is aggregated from Economic Times. ZeroLive provides live aggregation, automated sentiment synthesis, and exchange disclosure monitoring for retail market participants.

Read Original Full Coverage on Economic Times ↗

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CarTrade Tech shares tank over 6% after Q2 results, but Nomura raises target price to Rs 3,377. Here’s why

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