RateGain Travels Up More Than 5% as Brazilian Airline VOEPASS Linhas Aéreas Partners with AirGain

RateGain received an order from Brazilian airline VOEPASS Linhas Arias.

Shares of RateGain Travel Technologies Limited rose more than 5% after Brazilian airline VOEPASS Linhas Aéreas (VOEPASS), a global provider of SaaS solutions for the travel and hospitality industry, chose AirGain for accurate pricing positioning in the Brazilian market.

AirGain is RateGain’s responsive SaaS solution explicitly created for commercial airline teams to help them make faster and better pricing decisions.

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

RateGain shares traded at Rs 372 per share on the BSE, up more than 5%. On the NSE, the stock traded at Rs 371 per share.

According to the filing, the partnership will provide VOEPASS with accurate, real-time competitive pricing insights as it seeks to expand its market share in the regional airline market. The document further states that by using AirGain, VOEPASS will be able to monitor critical Origin and Destination (OND) routes 80% faster, enabling them to keep abreast of market changes and provide customers with the most competitive offers.

Designed explicitly for yield managers, AirGain’s technology enables VOEPASS to establish accurate pricing and capitalise on daily growth opportunities.

Anand Rathi has a ‘buy’ rating on RateGain stock with a target price of Rs 415 per share. The brokerage believes that clients, regardless of size, understand that RateGain products can increase productivity, create revenue streams and drive overall value. They see it as a means of keeping costs down rather than investing in building themselves.

Kotak Institutional Equities has a ‘buy’ call on RateGain with a target price of Rs 450 per share. The brokerage believes that expanding product features can help build relationships with new clients.

On a year-to-date (YTD) basis, RateGain Travel Technologies shares have soared more than 27% against the Nifty50’s decline of 0.23%. Over the past six months, the stock has gained more than 25% compared with the headline index’s gain of 0.4%.

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