Shares of CarTrade Tech tumbled 4.53% to ₹931.20 in early morning trading today, following a significant block trade where 10.4% of the company’s equity, amounting to 50 lakh shares, was exchanged at a price of ₹927 per share. The total value of the transaction stood at a hefty ₹458 crore.
The large block deal has triggered selling pressure on the stock, causing the price to drop as market participants reacted to the sizable transaction. With this major equity stake changing hands, investors are keenly watching the potential impact on CarTrade’s stock performance and its broader market implications in the coming days.
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