CarTrade Tech Ltd., incorporated in the year 2000, is a Small Cap company (having a market cap of Rs 2960.73 Crore) operating in Services sector.
CarTrade Tech Ltd. key Products/Revenue Segments include Income From Advertisement, Other Services and Used Cars for the year ending 31-Mar-2021.
Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 92.77 Crore, down -12.38 % from last quarter Total Income of Rs 105.88 Crore and up 47.16 % from last year same quarter Total Income of Rs 63.04 Crore . Company reported net profit after tax of Rs 3.32 Crore in latest quarter.
Investment Rationale
The brokerage has a ‘BUY’ rating on the stock with a Jun’23 TP of INR 840 and believe that any dip due to an open market sale by any of the pre-IPO investors should be viewed as an accumulation opportunity
Promoter/FII Holdings
Promoters held 0 per cent stake in the company as of 30-Jun-2022, while FIIs owned 19.55 per cent, DIIs 5.44 per cent.
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