Mumbai, July 1 -- The stock touched an intraday high of Rs 2,846 on the BSE, tracking strong buying interest following the brokerage's positive commentary on the company's growth prospects.

According to the brokerage, CarTrade Tech's outlook remains supported by improving monetisation of its OLX platform, expansion of new revenue streams, and sustained margin expansion. It also highlighted emerging growth drivers such as artificial intelligence-led monetisation, used-car financing, and expansion into services like escrow and logistics.

The brokerage raised its earnings estimates and lifted its target price to Rs 3,286 from Rs 2,740, implying an upside of around 22% from current levels.

It also noted that OLX continues to benefit from s...