RateGain Jumps To One-Month High After Large Trades
The stock rose as much as 8.28% during the day to Rs 814.40 apiece on the NSE.
Shares of RateGain Travel Technologies Ltd. jumped over 8% on Thursday to the highest in a month after 1.89% of equity changed hands in block trades.
As many as 21.57 lakh shares changed hands in two large trades in pre-market hours, according to data available from Cogencis. The buyers and sellers were not known yet.
The total number of shares of the company is 11.78 crore as of March 31, 2024, according to data on the BSE. Promoter and promoter group holds 51.25% of total share and 48.69% is held by the public. Employees Trust holds the rest.
On the NSE, RateGain's stock rose as much as 8.28% during the day to Rs 814.40 apiece, the highest since May 21. It was trading 6.02% higher at Rs 797.40 apiece, compared to a 0.07% advance in the benchmark Nifty at 10:59 a.m.
The share price has risen 94.04% in the last 12 months and 9.47% on a year-to-date basis. The total traded volume so far in the day stood at 8.3 times its 30-day average. The relative strength index was at 65.13.
Six analysts tracking the company maintain a 'buy' rating on the stock, according to Bloomberg data. The average of 12-month analyst price targets implies a potential upside of 18.3%.
