India's Cartrade Tech jumps on five-fold rise in June quarter profit

CarTrade Tech

10/08/2023 08:20

** Shares of Cartrade Tech  CART.NS  rise as much as 8.80%
to a one-month high of 576 rupees
    ** Uptick after the auto platform company posts a five-fold
jump in consolidated net profit in June quarter to 130 mln
rupees 
    ** Consolidated revenue up ~4% to 860.7 mln rupees    
    ** Stock most active in a month with a trading volume of
1.49 mln shares as of 12:34 p.m. IST, 4.4 times the 30-day avg -
Refinitiv data
    ** Stock up 17.74% in 2023 so far, including today's gains,
compared to 8% rise for Nifty 50 index  .NSEI 

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463))