India, April 11 -- Amid a broader market rally, shares of CarTrade surged as much as 11.22% to reach INR 1,542 apiece during the early trading hours today.

However, the shares shed some gains to trade at INR 1,500 on the BSE at 1:18 PM today.

CarTrade's rally aligns with the broader market surge today, with both the Sensex and the Nifty 50 up 2.25% and 2.12% at 1:30 PM.

This comes after the US paused tariff hikes for all countries, excluding China, which now faces a steep 145% tariff.

At the previous closing price, the share is at a downside of 26.45% from its 52-week high of INR 1,885 reported on March 21, the day the global investment management firm Vanguard Group bought its 7.13 Lakh shares.

CarTrade shares have given its investo...