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RATEGAIN TRAVEL TECH Gains 5%; BSE IT Index Up 0.6%
Tue, 18 Jun 14:45

RATEGAIN TRAVEL TECH share price has zoomed 5% and is presently trading at Rs 773.5.

Meanwhile, the BSE IT index is at 35,720.6 (up 0.6%).

Among the top gainers in the BSE IT index today are Wipro (up 3.1%) and PERSISTENT SYSTEMS (up 2.4%).

INTELLECT DESIGN (down 2.2%) and Firstsource Solutions (down 1.6%) are among the top losers today.

Over the last one year, RATEGAIN TRAVEL TECH has moved up from Rs 398.3 to Rs 773.5, registering a gain of Rs 375.2 (up 94.2%).

On the other hand, the BSE IT index has moved up from 29,222.8 to 35,720.6, registering a gain of 22.2% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 154.0%), INFIBEAM AVENUES (up 109.5%) and Birlasoft (up 103.1%).

Must See: These Segments are Witnessing Incredible Growth with Modi's Push

What About the Benchmark Indices?

The BSE Sensex is at 77,218.8 (up 0.3%).

The top gainers among the BSE Sensex today are Wipro (up 3.1%) and Power Grid Corp. (up 3.0%). The most traded stocks in the BSE Sensex are Tata Steel and Power Grid Corp..

In the meantime, NSE Nifty is at 23,529.8 (up 0.3%). Power Grid Corp. and Wipro are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 63,143.2 to 77,218.8, registering a gain of 14,075.7 points (up 22.3%).

RATEGAIN TRAVEL TECH Financial Update...

RATEGAIN TRAVEL TECH net profit grew 48.1% YoY to Rs 500 million for the quarter ended March 2024, compared to a profit of Rs 338 million a year ago. Net sales rose 39.8% to Rs 2,558 million during the period as against Rs 1,829 million in January-March 2023.

For the year ended March 2023, RATEGAIN TRAVEL TECH reported 712.5% increase in net profit to Rs 684 million compared to net profit of Rs 84 million during FY22. Revenue of the company grew 54.2% to Rs 5,651 million during FY23.

The current Price to earnings ratio of RATEGAIN TRAVEL TECH, based on rolling 12 month earnings, stands at 62.7.

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