RateGain Travel surges 28% in two trading sessions, trades at new high

The stock was up 10% in intraday trades today, but still traded below its issue price of Rs 425 per share

Shares of recently listed company RateGain Travel Technologies (RTTL) rallied 10 per cent in intraday trade and hit a new high at Rs 400, thus extended its previous day’s 9 per cent surge on the National Stock Exchange (NSE). The stock has bounced back 28 per cent from its Monday’s low of Rs 313.25.

At 01:08 pm; RTTL traded 8 per cent higher at Rs 395, as compared to 0.83 per cent rise in the Nifty50 index. A combined 3.6 million equity shares had changed hands on the NSE and BSE. Currently, the stock was still trading below its