Bengaluru, Sept. 10 -- The shares of the multi-channel auto platform provider plummeted up to 19 percent in today's trading session after the well-known brokerage downgraded and gave a "sell" rating.

With a market capitalization of Rs 11,639.18 crore, the shares of CarTrade Tech Ltd were trading at Rs 2,443.35 per share, decreasing around 10.59 percent as compared to the previous closing price of Rs 2,732.90 apiece

The shares of CarTrade Tech Ltd have seen bearish movement after JM Financial, one of the well-known brokerages in India, has downgraded the stock to a 'sell' rating and slashed its target price from Rs 2,350 to Rs 1,900. The revised target implies a potential downside of about 19 percent from the earlier estimate, reflecting...