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RATEGAIN TRAVEL TECH Gains 5%; BSE IT Index Up 4.0%
Wed, 6 Nov 15:11

RATEGAIN TRAVEL TECH Gains 5%; BSE IT Index Up 4.0%Image source: phive2015/www.istockphoto.com

RATEGAIN TRAVEL TECH share price has zoomed 5% and is presently trading at Rs 831.5.

Meanwhile, the BSE IT index is at 42,076.2 (up 4.0%).

Among the top gainers in the BSE IT index today are Eclerx Services (up 9.1%) and KPIT TECHNOLOGIES (up 7.5%).

Over the last one year, RATEGAIN TRAVEL TECH has moved up from Rs 700.7 to Rs 831.5, registering a gain of Rs 130.8 (up 18.7%).

On the other hand, the BSE IT index has moved up from 31,589.8 to 42,076.2, registering a gain of 33.2% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 190.9%), Firstsource Solutions (up 139.6%) and PERSISTENT SYSTEMS (up 82.7%).

Don't Miss: Key Information for Long-term Investors

What About the Benchmark Indices?

The BSE Sensex is at 80,384.7 (up 1.1%).

The top gainers among the BSE Sensex today are TCS (up 4.2%) and HCl Tech. (up 4.0%). The most traded stocks in the BSE Sensex are ITC and Tata Steel.

In the meantime, NSE Nifty is at 24,481.9 (up 1.1%). Bharat Electronics and Adani Enterprises are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,958.7 to 80,384.7, registering a gain of 15,426.0 points (up 23.7%).

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 59.1.

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