Shares of CarTrade Technologies increased by 6.31% during intraday trading on Thursday, reaching a 52-week high of 1,718 rupees (US$20.15) on Mumbai’s stock exchange.

However, the stock later declined by 0.20%, trading at 1,612.70 rupees (US$18.91).

The company’s market capitalization reached 7,624.50 crore rupees (US$894.3 million).

Year-to-date, CarTrade’s stock has gained 123%, exceeding its listing price of 1,600 rupees (US$18.77).

The company’s price-to-earnings ratio was reported at 158.06, significantly higher than the sectoral average of 22.96.