Cartrade Tech Ltd News
This new-age stock is up 125% in 8 months; nears IPO price after over 3 yrs
CarTrade Tech share price today hit an over three-year high of Rs 1,618, its highest level since September 2021
 "This new-age stock is up 125% in 8 months; nears IPO price after over 3 yrs")
CarTrade Tech shares zoom to 3-year high: Gain 96% YTD; Check details here
Thursday's rally comes on the back of the company's announcement that its business platforms, including CarWale, BikeWale, and OLX India, have surpassed 150 million unique annual users
 "CarTrade Tech shares zoom to 3-year high: Gain 96% YTD; Check details here")
Cartrade Tech surges 6%, hits 52-week high after Mirae Asset MF buys stake
Cartrade Tech share price scaled up to 6.02 per cent, hitting its 52-week high at Rs 1,034 a piece on the BSE in intraday deals
 "Cartrade Tech surges 6%, hits 52-week high after Mirae Asset MF buys stake")
Ola Electric charges new-age stocks; Can Zomato, Paytm extend rally ahead?
New-age stocks have zoomed up to 80% from Election Result day lows. Charts suggest PolicyBazaar, Paytm, Nykaa and Delhivery can rally another 12%; while Zomato and CarTrade may dip going ahead.
 "Ola Electric charges new-age stocks; Can Zomato, Paytm extend rally ahead?")
CarTrade shares fell after Highdell, MacRitchie offload 13% stake
The company came out with a Rs 3,000-crore IPO in August 2021, where it sold shares at Rs 1,618 apiece
 "CarTrade shares fell after Highdell, MacRitchie offload 13% stake")
Warburg, Temasek & JP Morgan sell 13.7% stake in CarTrade for Rs 535 cr
Warburg Pincus, Temasek Holdings and JP Morgan Investment on Monday divested a total of 13 per cent stake in CarTrade Tech for Rs 535 crore through open market transactions. Highdell Investment, an arm of US-based Warburg Pincus, sold the shares of CarTrade Tech while Singapore's sovereign wealth fund Temasek Holdings' affiliate MacRitchie Investments offloaded shares of the company on the BSE. CMDB II, a private equity fund run by JP Morgan Investment Management also sold the shares of CarTrade Tech through a bulk deal on the National Stock Exchange (NSE). A total of 64.57 lakh shares or 13.77 per cent stake were pared by Warburg Pincus, Temasek and JP Morgan. According to the bulk deal data available on the BSE, Highdell Investment sold 40.65 lakh shares, amounting to an 8.66 per cent stake in CarTrade Tech. MacRitchie Investments sold 20.32 lakh shares or 4.33 per cent stake in Mumbai-based CarTrade Tech. The shares were sold in the price range of Rs 828-828.58 apiece by the tw
 "Warburg, Temasek & JP Morgan sell 13.7% stake in CarTrade for Rs 535 cr")
