New Delhi, July 1 -- Cartrade share price jumped 6.29% on NSE in Wednesday's trading session after international brokerage firm Nomura reaffirmed its 'Buy' rating on the stock and increased its target price to Rs.3,286 from Rs.2,740. The revised target suggests a potential upside of around 22% from the current market price.

The stock opened at Rs.2,701 per share today, as compared to previous close of Rs.2,693 on Tuesday. Cartrade share price touched an intraday high of Rs.2,870 on NSE on 1 July.

The brokerage highlighted improved medium-term growth prospects for OLX, supported by stronger monetisation, the addition of new revenue streams, and continued margin expansion.

Nomura noted that Cartrade Tech rolled out used-car financing in ...