29 Oct 2025 | 5 Mins Read
Nomura maintains neutral stance on Cartrade Tech
Flipitmoney
Cartrade Tech shares fell 3.35% to ₹3,030.1 on Wednesday, following a 16% gain the previous session. Nomura maintains a "neutral" call with a target price of ₹3,021, citing healthy growth momentum, ahead-of-estimate Q2 EBITDA, and fair valuations. Q2 revenue rose 25.4% to ₹193.4 crore, while EBITDA nearly doubled to ₹63.6 crore, with margins expanding to 33%.