RateGain Travel Technologies jumped at 4.82% in the third straight session to Rs 321.75. RateGain Travel Technologies’ shares go up by 8.19% in three days.

The stock outperformed the market in December 2022, soaring 6.42% against the Sensex’s decline of 3.05%. The stock outperformed the market in the last quarter, rising 10.60%, compared with the Sensex’s gain of 3.96%.

The scrip underperformed the market in 2022, falling 24.13% against Sensex’s 0.18% fall.

As per the chart, the stock was trading above its 50-day simple moving average (SMA) placed at 292.47,  100-day simple moving average (SMA) placed at 289.23, and 200-day simple moving average (SMA) placed at 299.91.

RateGain Travel Technologies is a global provider of SaaS solutions for travel and hospitality. It works with more than 2800 customers and 700 partners in more than 100 countries, helping them accelerate revenue generation through retention, acquisition, and wallet share expansion. 

On a consolidated basis, the net profit of  RateGain travel was Rs 19.57 crore in the July-September quarter of FY23 against a net loss of Rs 3.69 crore in the July-September quarter of FY22. Revenue high by 47% YoY to Rs 124.61 crore in the same quarter.