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
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 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!
Comments are moderated by Equitymaster, in accordance with the Terms of Use, and may not appear
on this article until they have been reviewed and deemed appropriate for posting.
In the meantime, you may want to share this article with your friends!