RateGain Shares Surge 8% During Intraday

SUMMARY

Shares of enterprise tech unicorn Rategain soared 8.4% to INR 541.65 apiece during the intraday trading session on the BSE today

Market capitalisation of the company currently stands at INR 6,143.40 Cr

To note, in the past 12 months, the stock has lost more than 39% in value

Shares of enterprise tech unicorn Rategain soared 8.4% to INR 541.65 apiece during the intraday trading session on the BSE today (February 20), a day after marking its 52-week low of INR 475.25 per share.

The stock ended the day’s trading session at INR 527.80 per share on the BSE, a 5.6% jump from its previous close of INR 499.65 apiece yesterday (February 19).

It is observed that despite reporting a strong third-quarter earnings, the stock has been on a downward trend, ending nine out of the past ten sessions in red, of which the stock hit its 52-week low in the last four consecutive trading sessions.

RateGain’s consolidated net profit surged 40% to INR 56.54 Cr in the third quarter of the fiscal year 2024-25 (Q3 FY25) from INR 40.42 Cr in the year-ago quarter.

Its revenue from operations jumped nearly 11% to INR 278.70 Cr in the December quarter of FY25 from INR 252 Cr in the same quarter last year.

Founded in 2004 by Bhanu Chopra, RateGain is a global provider of SaaS solutions for travel and hospitality sectors, enabling enterprises to accelerate revenue growth through acquisition, retention and wallet share expansion. The startup claims to cater to more than 3,200 customers and has a presence in over 100 countries.

To note, in the past 12 months, the stock has lost more than 39% in value, as of its last close.

Market capitalisation of the company stood at INR 6,143.40 Cr as of 01:32 PM, with nearly 11 Lakh shares traded hands.

On a broader preview, the Indian benchmark indices have been dull today, influenced highly by the volatile effect influenced by the US President Donald Trump’s tariff plans.

At 02:28 PM, BSE Sensex was trading at 75,727.87, down 211.31 points or 0.28% while Nifty50 was at 22,906.20, down 26.70 points or 0.12%.

In November last year, the company company lowered its FY25 outlook, where it cut its FY25 revenue growth forecast to 15% year-on-year (YoY), a decrease from 20% growth in the same period a year earlier.

However, RateGain maintained its margin expansion growth guidance to 150-200 bps.