India's Cartrade Tech hits 6-month high after Nomura hikes PT
BUZZ-India's Cartrade Tech hits 6-month high after Nomura hikes PT ** Online automotive platform Cartrade Tech's CART.NS shares rise as much as 6.6% to 2,870 rupees apiece, six-month high
** Nomura reiterates "buy" and raises PT to 3,286 rupees from 2,740 rupees, implying an upside of 22%, after attending CART's investor call
** CART is set to benefit from the multiple AI agents that it has introduced which will integrate users across its platforms such as OLX and Carwale - Nomura
** Brokerage raises 2027 and 2028 revenue growth estimates to 25% and 30%, from 22% and 25%, respectively
** Nomura's PT is the third-highest among eight analysts tracking CART with a "strong buy" rating; median price target 2,650 rupees - data compiled by LSEG
** CART up 0.2% in 2026, according to exchange data
(Reporting by Bharath Rajeswaran in Bengaluru)
((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))
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