Buy RateGain Travel Technologies, target price Rs 858: Hem Securities

Hem Securities has buy call on RateGain Travel Technologies Ltd. with a target price of Rs 858. The current market price of RateGain Travel Technologies Ltd. is Rs 755.6.

RateGain Travel Technologies Ltd., incorporated in the year 2012, is a Large Cap company (having a market cap of Rs 8668.95 Crore) operating in General sector.

RateGain Travel Technologies Ltd. key Products/Revenue Segments include Software Services for the year ending 31-Mar-2023.



Financials
For the quarter ended 31-03-2024, the company reported a Consolidated Total Income of Rs 276.86 Crore, up 5.31 % from last quarter Total Income of Rs 262.89 Crore and up 47.48 % from last year same quarter Total Income of Rs 187.73 Crore. Company reported net profit after tax of Rs 50.02 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 51.25 per cent stake in the company as of 31-Mar-2024, while FIIs owned 10.49 per cent, DIIs 17.31 per cent.