CarTrade Tech shares tank over 6% after Q2 results, but Nomura raises target price to Rs 3,377. Here’s why
CarTrade Tech shares fell 6.5% after Q2FY27 net profit rose 3% year-on-year to Rs 66 crore, while revenue increased 10% to Rs 213 crore. Nomura raised its target price to Rs 3,377 from Rs 3,340, citing growth potential in OLX India, improving consumer business prospects and operating leverage, despite trimming revenue estimates by around 3%.
Read original article on Economic Times →Related news
- Bloomberg, Wall Street firms buy fast access to Truth Social posts, report says Technology Social Media United States
-
California Water Service GAAP EPS of $1.05, revenue of $332.2M
Business
Corporate
United States
- Porch outlines 2027 baseline of $900M+ RWP and $180M+ adjusted EBITDA following Allied Trust deal Business Corporate
- West Fraser Timber GAAP EPS of -$1.03 misses by $0.25, revenue of $1.36B misses by $60M Business Corporate Canada
- First Solar opens first phase of $330M South Carolina facility Business Manufacturing United States
-
Nifty’s early comeback signal: Why largecaps are holding up as broader market slides
Economy
Markets
India
- Service Corporation reports mixed Q3 results; updates Q4 and reaffirms FY2026 outlook Business Corporate
- Patterson-UTI Energy beats top-line and bottom-line estimates; gives Q4 outlook Business Corporate United States