Going purely by PE multiple or price-to-earnings ratio, which tells you how many years it will take for the company’s earnings to cover its current price, Zomato is one of the most expensive stocks on Dalal Street with an astronomically high PE of 487x. The multibagger stock continues to attract buyers despite a 200%-plus rally … Read more
CarTrade Tech shares jumped 14% to the day’s high of Rs 857.80 on the NSE on Monday after the multi-channel auto platform reported its highest ever revenue of Rs 161 crores for the quarter ended March 31, 2024, registering a 38% year-on-year growth. The profit after tax (PAT) for the reported quarter stood at Rs … Read more
Auto marketplace CarTrade Technologies – which bought pre-owned goods classifieds platform OLX in a Rs 535-crore transaction earlier this fiscal – is open to further acquisitions to fast-track its expansion plans in the country. Vinay Sanghi, Founder & Chief Executive Officer (CEO), CarTrade Technologies told ET, the recently concluded integration with OLX has helped expand … Read more
