Shares of RateGain Travel rose 4.3% to Rs 359 per share in intraday trade on Thursday after signing a corporate agreement with cloud-based hotel property management firm HotelKey. The S&P BSE Sensex rose 0.2% to 59,877 as of 10:33 am.

Shares of RateGain have soared more than 25% over the past three months, compared with a 2.7% decline in the S&P BSE Sensex. The stock hit a 52-week high of Rs 417 per share on April 7, 2022, before falling to a 52-week low of Rs 236 on June 30, 2022.

As RateGain is a global provider of SaaS solutions for the travel and hospitality industry, management hopes the partnership will allow the company’s global distribution, central booking and pricing capabilities to be integrated into HotelKey’s PMS platform.

“Through this partnership, hotels on the HotelKey platform will see RateGain’s pricing and distribution tools on the HotelKey platform. This will allow hoteliers to save time and increase efficiency, make better distribution decisions faster, and ultimately Save money and increase revenue,” said management.

HotelKey’s client portfolio includes approximately 400,000 rooms and more than 4,000 hotels, including 500 independent hotels worldwide.