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CarTrade Tech share price gains 4% in overall weak market; here's why
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CarTrade Tech share price rose nearly 4% on Wednesday's trading session following the decision by Sobek Auto India Pvt Ltd, the company's wholly owned subsidiary, to discontinue its own C2B operations of the auto transaction business. CarTrade Tech share price today opened at intraday low of ₹619.20 apiece on BSE.
CarTrade Tech stock price touched intraday high at ₹640.70. At 13:49 IST, CarTrade Tech shares were trading at ₹630.35, 2.30% higher.
The board of directors of Sobek Auto India decided to close the unit in light of the economic challenges that the company was facing, the CarTrade Tech said in an exchange filing. Sobek intends to further expand its Classified division (Olx.in, covering both automotive and non-auto verticals.
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