RateGain Travel Technologies | Stock Updates

RateGain Travel Technologies jumps over 8% on partnering with HotelKey

HotelKey, a leading hospitality platform, has selected RateGain Travel Technologies to enhance its distribution capabilities.

On Tuesday, RateGain Travel Technologies shares surged 8.71% to trade at Rs 836.40, from its previous closing of Rs 769.40 on the BSE.

About the partnership

HotelKey, a leading hospitality platform, has selected RateGain Travel Technologies to enhance its distribution capabilities. HotelKey will utilize RateGain for seamlessly connecting to GDS systems and other demand partners.

RateGain’s connectivity solutions today connect to all the leading GDS systems of the world and power over 20% of all GDS transactions across all leading hotel chains. RateGain also helps enterprises with a more agile and tailored migration strategy that will enable HotelKey to perform a property-by-property migration, minimizing large-scale disruptions during the migration process.

This partnership marks a significant milestone for both HotelKey and RateGain as they continue to redefine standards in the hospitality technology landscape, providing hoteliers with innovative solutions for global distribution.

Company profile

RateGain Travel Technologies Ltd is the leading distribution technology company globally and the largest Software as a Service (SaaS) provider in the travel and hospitality industry in India. The firm offers travel and hospitality services across different verticals like hotels, airlines, online travel agents, meta-search companies, package providers, car rentals, cruises, and ferries.

Stock price movement

Today, the stock opened at Rs 762.85 and has touched a high and low of Rs 838.10 and Rs 762.85 respectively. The BSE group ‘A’ stock of face value Rs 1 has a 52-week high and low of Rs 899.70 and Rs 314.00, respectively. Last one week high and low of the scrip stood at Rs 899.70 and Rs 759.95 respectively. The current market cap of the company is Rs. 9157.20 crore.

The promoters holding in the company stood at 51.27%, while Institutions and Non-Institutions held 27.44% and 21.29% respectively.

Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet, and is subject to changes. Please consult an expert before making related decisions.