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RateGain Travel Technologies
The upward movement in the stock came after RateGain announced that it has been selected for a multi-year partnership by Malaysia Airlines Berhad (Malaysia Airlines)
Despite recent macro uncertainty, the management sees growth holding steady across the travel space but will maintain a cautiously optimistic approach keeping an eye on developments across key regions
The stock surpassed its previous high of Rs 511, touched on August 7, 2023
In the past three months, shares of RateGain have soared over 25 per cent, as against 2.7 per cent decline in the S&P BSE Sensex
Engage AI uses the power of modern technology to automate FAQs asked by guests, plan their entire stay, and provide alerts on events/promotions
According to the technical analyst from Anand Rathi, Laurus Labs can rally to Rs 400; while RateGain can jump to Rs 330.
RateGain Travel Technologies Ltd has announced it is acquiring Adara, a leader in data collection and management in the travel and hospitality space, for $16 million (about Rs 132.4 crore)
Wagner Ltd on Thursday divested 5.28 per cent stake in travel technology company Rategain Travel Technologies for Rs 167 crore through an open market transaction. Wagner Ltd, an affiliate of equity firm TA Associates, sold 57,04,830 shares at an average price of Rs 292.82 apiece, taking the transaction value to Rs 167.04 crore, as per bulk deal data available with the National Stock Exchange (NSE). As of June 2022, Wagner Ltd owned 5.28 per cent stake in the company, a shareholding data showed with the bourse. Meanwhile, Nippon India Mutual Fund picked 50 lakh shares of the company, while other buyers could not be identified. Shares of Rategain Travel Technologies closed 6.14 per cent higher at Rs 304.20 apiece on the NSE.
Newly launched Akasa Air has partnered with RateGain Travel Technologies for gathering real-time air travel information that will help the airline in deciding dynamic fares. In a release on Friday, RateGain said its AI-powered platform AirGain provides the airline's revenue and pricing teams with the most accurate and reliable market insights to build a competitive pricing strategy. It allows the airline access to act upon changing market dynamics and optimise airfares in real-time to provide the best fares to the customers, the release said. "As Akasa grows, our product AirGain will help in maximizing revenues by providing accurate and real-time competitive intelligence," Bhanu Chopra, Chairman and Managing Director of RateGain, said. According to the release, it provides the user with real-time competitor insights across channels to reduce disparity and revenue losses. "AirGain's nimble solution delivering real-time air travel information across channels will help us achieve a .
Air India has selected technology company RateGain to provide its product called 'AirGain' that will assist in dynamically adjusting ticket prices with real-time, accurate and high-quality airfare data, a statement said on Wednesday. Tata Group-owned Air India maintains a fleet of 113 planes that operate over 500 daily flights, its statement noted. "AirGain offers actionable insights to quickly react to market price change and stay ahead of the competition through its scalable and intuitive analytical capabilities," it said. Airlines gain competitive intelligence by analyzing market data in real-time, it added. AirGain's ability to track historical trends and fare changes on the most-profitable routes makes it easy for revenue and commercial teams to stay on top of every market development, the statement said.
The stock has plunged 43 per cent from its issue price of Rs 425 per share, and 54 per cent from its record high-level of Rs 525
Stocks of a dozen firms that debuted recently may come under pressure as the mandatory one-month lock-in period for anchor investors ends
ZEE falls 5% after inking merger pact with Sony Pictures, trims losses later; Metro Brands makes a tepid debut with 13% discount; RateGain Travel Technologies surges 28% in two sessions, hits new high
The stock was up 10% in intraday trades today, but still traded below its issue price of Rs 425 per share
The company began its operations in 2004 by introducing a competitive intelligence price comparison product for hotels.
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The BSE Midcap and Smallcap indices ended with losses of 2.4 per cent and 2.1 per cent, respectively. Declining stocks outpaced advancing shares in more than 2:1 ratio
The stock got listed at Rs 360, a 15 per cent discount to its issue price of Rs 425 per share on the National Stock Exchange
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Wealthy investor portion was subscribed 42 times, while institutional and retail portions were oversold 8x each