RateGain Travel hits all-time low; plunges 43% from IPO issue price

The stock has plunged 43 per cent from its issue price of Rs 425 per share, and 54 per cent from its record high-level of Rs 525

Shares of RateGain Travel Technologies (RTTL) hit an all-time low of Rs 240.25, slipping 3 per cent on the BSE in Thursday’s intra-day trade. The stock has fallen 9 per cent in the past two days on concerns of weak earnings in the June quarter (Q1FY23).

The stock of the global provider of SaaS solutions for the hospitality and travel industry has plunged 43 per cent from its issue price of Rs 425 per share, and 54 per cent from its record high level of Rs 525 touched on January 18, 2022.

RTTL had made its stock market