cartrade

Shares of CarTrade surged on April 11, 2025, reaching INR 1,542 (US$17.92) per share.

Founded in 2009, CarTrade operates brands such as CarWale, BikeWale, and Shriram Automall.

Following the earnings announcement, CarTrade’s stock surged by 18.65% during early trading hours.

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

Paytm’s IPO is expected to be the largest in India to date and will take the company’s valuation to nearly US$20 billion.

The fintech company said it has recorded 62% revenue growth in the first quarter of FYE 2022 to reach US$199 million.

The IPO of Ant Group-backed Paytm is likely to be the biggest in India. To find out what’s in store for its future, we delved into its financials.

The move comes amid Droom’s plans to take the company public with a listing in India or the US-based Nasdaq by 2022.

The round could value Cars24 at close to US$2 billion, Bloomberg reported, citing sources.

The stock opened at US$21.50, but was down 5.7% on India’s BSE and National Stock Exchange as of 5:40 pm Singapore time.