CarTrade Tech shares surge on strong earnings momentum. The stock climbed 5 percent in its second consecutive rally session, trading at ₹1,968.60 on Friday after hitting an intraday high of ₹2,012.20. The company reported impressive Q4 results with standalone net profit jumping 64 percent year-over-year to ₹35.17 crore, while full-year profit after tax reached ₹115.46 crore, up from ₹74.45 crore previously. Operational efficiencies and improved margins drove the strong performance. Citi maintained its buy rating despite cutting the target price to ₹2,520 from ₹3,150, citing promising product cadence despite AI-related concerns. Kotak Securities kept a sell recommendation while raising its target to ₹1,860, noting strong profitability gains across segments.
