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The stock pared some of the losses later in the day and was trading 8.5% lower at INR 2,498.70 on the BSE at 12:10
JM Financial has a target price of INR 2,350 for CarTrade for September 2026, reflecting a 14% downside from its last close
The brokerage cited a mix of valuation concerns, reliance on cyclical B2B revenues, and growing competitive pressures from GenAI tools as the reasons for the downgrade
Shares of listed car reselling platform CarTrade
crashed over 18%…
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The stock pared some of the losses later in the day and was trading 8.5% lower at INR 2,498.70 on the BSE at 12:10
JM Financial has a target price of INR 2,350 for CarTrade for September 2026, reflecting a 14% downside from its last close
The brokerage cited a mix of valuation concerns, reliance on cyclical B2B revenues, and growing competitive pressures from GenAI tools as the reasons for the downgrade
Shares of listed car reselling platform CarTrade crashed over 18%…
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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