Introduction

CarTrade Tech Ltd is a digital platform focused on buying and selling new and used vehicles. The company operates through multiple platforms covering
Used car marketplaces
Vehicle auctions
Dealer solutions This makes it a technology-driven business rather than a traditional auto company.

Stock News

The stock is gaining attention due to increasing digital adoption in the automobile sector. More buyers and sellers are shifting online
Dealers are using digital platforms for inventory
Used car market is expanding rapidly CarTrade benefits from this shift with its asset-light model and scalable platform. 

Overall conclusion Stock movement is driven by growth in digital auto ecosystem and platform scalability

Observation

Stock Breakout its cup & handle patter with massive volume and string RSI with Open marabuzu candle stock and bullish Cross over. stock can retrace its last breakout level level for further upward direction

Fundamentals Overview

Technical Analysis & Indicators

Day TF

Rounding Bottom

Open marabuzu

Bullish Crossover

Resistance: ₹3200–₹3800 zone
Support: ₹2300–₹2500 zone

News of the day

Shares of Tata Consultancy Services Ltd. (TCS) gained on Wednesday, June 17, after the company announced a multi-year partnership with Elopak ASA to transform its IT operations.Elopak ASA is a global leader in paper-based packaging and filling equipment and operates in over 40 countries and serves customers in more than 70 markets, TCS said.Under the partnership, TCS will be Elopak's strategic IT partner, leading the transformation and management of its global IT through a process centric operating model, the company said. This will help Elopak's IT operations be better aligned with the business priorities thereby improving agility, efficiency, and digital experience, it said.

JSW Steel (JSTL), with an existing capacity of 32MTPA (excluding JVs), is targeting to reach a capacity of 50MTPA by FY31. Following the BPSL transaction, its balance sheet is much more comfortable, providing greater flexibility to execute its planned expansions. The expansion of the Dolvi facility from 10MTPA to 15MTPA (capex ~INR210b; completion by Sep’27) is expected to strengthen the company’s positioning in Western India and in export markets. Additionally, the 1MTPA EAF at Kadapa (INR38b; commissioning by FY29) will enhance the long-product portfolio and provide decarbonization optionality. The company is undertaking a 5MTPA greenfield expansion at Utkal, comprising two 8MTPA pellet plants, 5MTPA blast furnace, 6MTPA SMS, and 6MTPA HSM-2 (scheduled to be commissioned by FY30). The company has planned ~INR1.3t of investments over 4–5 years, covering Odisha Phase-I, Dolvi Phase-III, downstream VAP, mining, and renewable energy (RE). Funding will be supported by internal accruals, INR320b proceeds from BPSL, and disciplined leverage management.

Educational content 📖
This stock analysis is designed for educational purposes and should not be taken as financial advice. Please carry out your own research or consult with a financial advisor before investing.

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