Car Trade Tech moves up on launching CarTrade Labs
CarTrade Tech is currently trading at Rs. 1631.80, up by 16.95 points or 1.05% from its previous closing of Rs. 1614.85 on the BSE.
The scrip opened at Rs. 1618.05 and has touched a high and low of Rs. 1659.00 and Rs. 1618.05 respectively. So far 1333 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1885.00 on 21-Mar-2025 and a 52 week low of Rs. 754.30 on 28-Jun-2024.
Last one week high and low of the scrip stood at Rs. 1700.60 and Rs. 1609.30 respectively. The current market cap of the company is Rs. 7752.14 crore.
The Institutions and Non-Institutions held 76.32% and 23.68% stake respectively in the company.
CarTrade Tech has launched CarTrade Labs, an innovation hub focused on building future technology. CarTrade Labs is envisioned as a high-impact initiative that will harness the power of generative AI, data science, and rapid experimentation to accelerate innovation and unlock new growth opportunities across CarTrade Tech’s ecosystem including CarWale, BikeWale, OLX India and Shriram Automall.
The lab represents a long-term commitment to build world-class technology for the automotive space and broader commerce ecosystem. From AI-powered dealer management systems and pricing intelligence engines to intelligent chatbots and seamless digital retail journeys, CarTrade Labs will focus on building cutting-edge solutions for consumers, dealers, OEMs, and ecosystem partners.
Structured as an independent, agile unit within CarTrade Tech, the Lab will bring together top-tier product strategists, engineers, designers, and data scientists to rapidly test, iterate, and scale breakthrough ideas. It will work closely with business verticals to ensure real-world application and measurable impact. The Lab will also explore collaborations with external startups, academic institutions, and global technology providers to lead the next wave of digital innovation and emerging technologies.
CarTrade Tech is a multi-channel auto platform with coverage and presence across vehicle types and value-added services. Its platforms operate under several brands: CarWale, CarTrade, Shriram Automall, BikeWale, CarTrade Exchange, Adroit Auto and AutoBiz.
