Helping You Build Wealth With Honest Research
Since 1996. Read On...

MEMBER'S LOGINX

     
Invalid Username / Password
   
     
   
     
 
Invalid Captcha
   
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

RATEGAIN TRAVEL TECH Gains 6%; BSE IT Index Down 2.7%
Thu, 31 Oct 12:17

RATEGAIN TRAVEL TECH Gains 6%; BSE IT Index Down 2.7%Image source: asbe/www.istockphoto.com

RATEGAIN TRAVEL TECH share price has zoomed 6% and is presently trading at Rs 758.4.

Meanwhile, the BSE IT index is at 40,365.6 (down 2.7%).

Among the top gainers in the BSE IT index today are Firstsource Solutions (up 1.6%) and Mastek (up 1.3%).

PERSISTENT SYSTEMS (down 5.3%) and Tech Mahindra (down 4.7%) are among the top losers today.

Over the last one year, RATEGAIN TRAVEL TECH has moved up from Rs 628.7 to Rs 758.4, registering a gain of Rs 129.7 (up 20.6%).

On the other hand, the BSE IT index has moved up from 31,119.8 to 40,365.6, registering a gain of 29.7% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 179.2%), Firstsource Solutions (up 120.2%) and PERSISTENT SYSTEMS (up 75.4%).

Dear Reader: If You Invest in Midcap Stocks, this is for You

What About the Benchmark Indices?

The BSE Sensex is at 79,531.4 (down 0.5%).

The top losers among the BSE Sensex today are Tech Mahindra (down 4.7%) and HCl Tech. (down 3.1%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,236.8 (down 0.4%). Tech Mahindra and HCl Tech. are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,112.7 to 79,531.4, registering a gain of 15,418.7 points (up 24.0%).

RATEGAIN TRAVEL TECH Financial Update...

RATEGAIN TRAVEL TECH net profit grew 82.2% YoY to Rs 454 million for the quarter ended June 2024, compared to a profit of Rs 249 million a year ago. Net sales rose 21.2% to Rs 2,600 million during the period as against Rs 2,145 million in April-June 2023.

For the year ended March 2024, RATEGAIN TRAVEL TECH reported 112.6% increase in net profit to Rs 1,454 million compared to net profit of Rs 684 million during FY23. Revenue of the company grew 69.3% to Rs 9,570 million during FY24.

The current Price to earnings ratio of RATEGAIN TRAVEL TECH, based on rolling 12 month earnings, stands at 53.9.


Equitymaster requests your view! Post a comment on "RATEGAIN TRAVEL TECH Gains 6%; BSE IT Index Down 2.7%". Click here!