India's Rategain Travel jumps on partnership with Europe's SKY express

RateGain Travel Technologies

16/01/2023 05:29

** Shares of Rategain Travel Technologies Ltd  RATE.NS  rise
as much as 4% to 364 rupees
    ** The Indian travel and hospitality technology provider on
Monday said European airlines SKY express has chosen its market
insights product AirGain to drive expansion in Europe
    ** RATE has been trading above its 50-day, 100-day and
200-day simple moving averages
    ** Nearly 290,000 shares change hands by 10:30 a.m. IST,
0.7x 30-day avg of 421,000 shares
    ** Stock has been trading well above its moving average
convergence divergence (MACD) line since Jan 9
    ** Analysts on average have a "strong buy" rating; median PT
is 415 rupees - Refinitiv data
    ** Stock gained 24.8% in 2022
 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))