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RateGain Travel Tech Shares Rise on Air India Deal

Picture Source: Internet

Shares of RateGain Travel Technologies Limited rose more than 2% in early trade on August 17 after the company signed a deal with Air India. The company has agreed with an airline owned by Tata to offer the AirGain product, which dynamically adjusts prices through real-time, accurate, high-quality ticket data.

Shares of RateGain were up 2.15% at Rs 292.65 per share at 9:50 am, while the benchmark Sensex was up 224.74 points or 0.38% at 60,066.95.

The company says AirGain delivers actionable insights through its scalable and intuitive analytics capabilities to quickly respond to market price changes and stay ahead of the competition. Airlines gain competitive intelligence by analysing market data in real-time.

Additionally, RateGain added that AirGain’s ability to track historical trends and fare changes on the most profitable routes allows revenue and commercial teams to stay on top of every market development easily. The company did not disclose the monetary value of the deal.

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