RateGain gains on getting selected by Akasa Air to make travel affordable with dynamic pricing

RateGain Travel Technologies is currently trading at Rs. 270.65, up by 2.10 points or 0.78% from its previous closing of Rs. 268.55 on the BSE.

RateGain Technologies
RateGain Technologies

The scrip opened at Rs. 271.00 and has touched a high and low of Rs. 274.60 and Rs. 267.45 respectively. So far 12060 shares were traded on the counter.

The BSE group ‘B’ stock of face value Rs. 1 has touched a 52 week high of Rs. 525.00 on 18-Jan-2022 and a 52 week low of Rs. 236.05 on 30-Jun-2022.

Last one week high and low of the scrip stood at Rs. 275.15 and Rs. 252.45 respectively. The current market cap of the company is Rs. 2920.43 crore.

The promoters holding in the company stood at 55.91%, while Institutions and Non-Institutions held 16.63% and 27.46% respectively.

Akasa Air, India’s newest airline, has selected RateGain Travel Technologies’ (RateGain) AirGain product to make air travel affordable for its customers by leveraging accurate and realtime airfare data. Akasa Air’s mission is to empower travellers with a customer-first flying experience at the most affordable rates. The selection of AirGain allows access and agility to act upon changing market dynamics and optimize air fares in real-time to provide the best fares to its customers.

AirGain’s AI-powered platform empowers airline revenue and pricing teams with the most accurate and reliable market insights to build a competitive pricing strategy. Through an easy-to-use UI that allows faster decision making, AirGain allows the airlines to get notified whenever there is a change in the market. Additionally, the intelligence provides the user with real-time competitor insights across channels to reduce disparity and revenue losses.

RateGain Travel Technologies is among the leading distribution technology companies globally and it the largest Software as a Service (SaaS) company in the hospitality and travel industry in India.

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