RateGain Travel bags order from Brazilian airline; stock flies high

Shares of RateGain Travel Technologies Limited, a global provider of SaaS solutions for travel and hospitality, jumped over 5 per cent after Brazilian airline VOEPASS Linhas Aéreas(VOEPASS) selected AirGain to have an accurate pricing positioning in the Brazilian market.

AirGain is a responsive SaaS solution by RateGain, created for commercial teams in airlines to help them make faster and better pricing decisions

“RateGain Travel Technologies Limited (RateGain), a global provider of SaaS solutions for travel and hospitality, announced that VOEPASS Linhas Aéreas(VOEPASS), Brazil’s leading regional airline, has chosen to partner with AirGain,’ the filing read.

At the time of filing this report, RateGain shares traded over 5 per cent on the BSE at Rs 372 apiece, and on NSE, the stock traded at Rs 371 apiece.

According to the filing, this partnership will provide VOEPASS with accurate and real-time competitive pricing insights as it seeks to expand its market share in the regional airline market. The filing further stated that with the use of AirGain, VOEPASS will be able to monitor the key Origin-and-Destination (OND) routes at an 80 per cent faster pace, allowing them to stay abreast of market shifts and provide customers with the most competitive offers.

AirGain's technology is designed specifically for revenue managers to empower VOEPASS to establish precise pricing and capitalize on daily opportunities for growth.

Analysts' recent views on RateGain

Anand Rathi has given a ‘buy’ call on shares of RateGain for a target price of Rs 415 apiece. The brokerage believes that customers, regardless of size, understand that RateGain products improve productivity, create revenue streams and drive overall value. They see it as a means to reduce costs rather than investing in building themselves.

Kotak Institutional Equities has given a ‘buy’ call on RateGain for a target price of Rs 450 apiece. The brokerage believes that expanding product capabilities has aided in forging relationships with new clients.

RateGain share price history

On a year-to-date (YTD) basis, the shares of RateGain Travel Technologies have surged over 27 per cent as compared to Nifty50’s dip of 0.23 per cent. In the past six months, the stock rose over 25 per cent, as compared to the headline index’s rise of 0.40 per cent.

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