Shares of CarTrade Tech Ltd recovered some of their heavy losses in Thursday’s trading after hitting a low of Rs 2,022.60 during the day. The stock had fallen sharply by as much as 15.20% earlier in the session but later trimmed its losses, ending around 2.31% lower at Rs 2,330.25.
The sharp drop came despite strong quarterly results for December 2025 (Q3 FY26). CarTrade Tech reported a 30.85% year-on-year increase in consolidated net profit, which rose to Rs 55.86 crore from Rs 42.69 crore in the same quarter last year. Revenue also grew by 18.99% to Rs 209.67 crore, compared with Rs 176.21 crore a year ago.
Despite the good earnings numbers, analysts remained cautious about the stock. Some suggested selling the stock on rallies, citing valuation concerns and weak technical signals.
“CarTrade is a fully priced-in stock. One should consider using a ‘sell-on-rally’ strategy,” said Kranthi Bathini, Equity Strategist at WealthMills Securities. Analysts said that while the company’s performance was strong, the current market price already reflects much of the positive news, making further gains uncertain.
Investors are advised to watch for short-term price corrections and consider careful trading strategies rather than aggressive buying, according to market experts.