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RATEGAIN TRAVEL TECH Gains 6%; BSE IT Index Down 0.1%
Thu, 20 Jun 10:10

RATEGAIN TRAVEL TECH share price has zoomed 6% and is presently trading at Rs 798.0.

Meanwhile, the BSE IT index is at 35,794.8 (down 0.1%).

Among the top gainers in the BSE IT index today are Sonata Software (up 1.4%) and INDIAMART INTERMESH (up 1.1%).

ROUTE MOBILE (down 1.8%) and HCl Tech. (down 1.0%) are among the top losers today.

Over the last one year, RATEGAIN TRAVEL TECH has moved up from Rs 393.3 to Rs 798.0, registering a gain of Rs 404.7 (up 102.9%).

On the other hand, the BSE IT index has moved up from 29,077.0 to 35,794.8, registering a gain of 23.1% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 154.8%), Birlasoft (up 106.9%) and INFIBEAM AVENUES (up 101.8%).

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

What About the Benchmark Indices?

The BSE Sensex is at 77,250.4 (down 0.1%).

The top losers among the BSE Sensex today are Sun Pharma (down 1.6%) and Bajaj Finance (down 1.3%). The most traded stocks in the BSE Sensex are Tata Steel and HDFC Bank.

In the meantime, NSE Nifty is at 23,494.2 (down 0.1%). HDFC LIFE INSURANCE and Sun Pharma are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 63,168.3 to 77,250.4, registering a gain of 14,082.1 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 64.7.

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