Shares of RateGain Travel Technologies (RateGain) opened at Rs 300 on the National Stock Exchange today, rising 5% on news of the deal with Air Senegal. The stock touched a high of Rs 311.90 on the NSE today after closing at Rs 300.40 yesterday.

Also, on the BSE, shares of RateGain opened at Rs 300.85 and rose to a high of Rs 311.95 after the company notified the exchange of the deal with the African airline.

Under the agreement, RateGain will provide Air Senegal with its AirGain “smart” software solution, which uses what a company statement called “accurate and real-time intelligence.” It added that this would track movement on all important origin and destination (OND) routes at an 80% faster speed.

Alioune Badara Fall, CEO of Air Senegal, said the software would help the airline “make better decisions” based on the market insights the software provides.

“The growth of African airlines will depend on access to reliable, scalable and affordable market insights, and AirGain plays a key role in delivering these insights. Dedicated customer support, easy-to-use user interface and accurate ticketing price make our commercial team easy to use AirGain and make better decisions,” said Badara Fall.