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Why consider RateGain Travel Technologies now?

We advise investors to add the stock of RateGain gradually on decline as technology shares gyrate amid the global fight against inflation

June 03, 2022 / 01:49 PM IST
Why consider RateGain Travel Technologies now?

While the company is geared to live up to the growth opportunity, like other technology companies, it is also facing high attrition

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

RateGain Travel Technologies (RateGain, CMP: Rs 289 M Cap: Rs 3125 crore) got listed at a 15 percent discount to its IPO in December last year and has corrected further amid the market volatility. While that’s bad news for those subscribing to its IPO (we were circumspect about its valuation and had advised to pick up the stock post correction), the good news is that the operating performance has improved significantly in Q4 FY22 and the future outlook is...

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