RateGain surges as its airline pricing solution `AirGain` inks pact with Summerwind GSA
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RateGain Travel Technologies is currently trading at Rs. 781.20, up by 16.55 points or 2.16% from its previous closing of Rs. 764.65 on the BSE.
The scrip opened at Rs. 774.95 and has touched a high and low of Rs. 783.80 and Rs. 774.95 respectively. So far 5780 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 921.10 on 16-Feb-2024 and a 52 week low of Rs. 314.00 on 28-Mar-2023.
Last one week high and low of the scrip stood at Rs. 784.65 and Rs. 713.95 respectively. The current market cap of the company is Rs. 9008.76 crore.
The promoters holding in the company stood at 51.27%, while Institutions and Non-Institutions held 27.44% and 21.29% respectively.
RateGain Travel Technologies’ (RateGain) airline pricing solution, AirGain, has entered into strategic partnership with Summerwind GSA, a distinguished General Sales Agent (GSA) renowned for its innovative approach to airline representation. This alliance aims to redefine the airline industry, merging AirGain's advanced pricing intelligence with Summerwind's deep industry experience and global reach.
For over three decades, Summerwind GSA has led the way in commercial aviation services, continuously adapting to meet its clients' evolving needs. With the integration of AirGain's technology, Summerwind will now offer its airline partners unparalleled access to real-time pricing data and insights from more than 200 sources, including websites, mobile apps, and Global Distribution Systems (GDS). This collaboration represents a significant leap forward in airline representation, enhancing market insight and decision-making agility for airlines within Summerwind's portfolio.
This strategic partnership equips airlines with AI-powered tools to navigate market trends, adjust to pricing fluctuations dynamically, and harness actionable intelligence swiftly. The outcome is a fortified competitive edge and increased profitability in the fast-paced aviation market. Through this synergy, Summerwind and AirGain are setting new standards for operational excellence and customer service in the airline industry.
RateGain Travel Technologies is among the leading distribution technology companies globally and it the largest Software as a Service (SaaS) company in the hospitality and travel industry in India.
