Auto Portal Small-cap Stock Sky Rockets with 132 per cent Profit Growth; Triggered 20 per cent Upper Circuit
Auto Portal Small-cap Stock Sky Rockets with 132 per cent Profit Growth; Triggered 20 per cent Upper Circuit

Auto Portal Small-cap Stock Sky Rockets with 132 per cent Profit Growth; Triggered 20 per cent Upper Circuit

CarTrade Tech zoomed 19.04 per cent on Friday to trade at its 52 weeks high amid positive results and staggered growth in revenue. A surge in volume occurred, experiencing an increase of over 25.31 times on November 10, 2023.

Prajwal Wakhare Article rating: 4.1

In Q2FY24, company demonstrated a substantial growth in Net Revenue, reaching Rs 147.94 crores, marking an impressive 44 per cent increase compared to the same quarter in the previous fiscal year. This remarkable surge reflects the company's effective strategies and robust operational performance. Similarly, the Profit After Tax for Q2FY24 witnessed an extraordinary year-on-year growth of 132 per cent, soaring to Rs 12.97 crores.

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