India's Rategain Travel Tech rises on strong Q3 results

RateGain Travel Technologies

02/02/2024 09:25

** Shares of Rategain Travel Technologies  RATE.NS  up 4.1%
at 828.1 rupees and set for a record close
    ** RATE's Q3 profit up over 3x to record 404 mln rupees 
($4.9 mln), rev rises 82%
    ** Co provides tech services to travel industry for whom Q3
is seasonally strong
    ** Over 1.9 mln shares traded, 4.6x 30-day avg volume
    ** Stock up 7.8% this week, ends higher for third straight
week
    


($1 = 82.8630 Indian rupees)

 (Reporting by Nandan Mandayam in Bengaluru)
 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))