We see a strong earnings traction for RateGain and advise investors to add the stock in a staggered manner as markets continue to remain choppy
PRO Only Highlights
– Quarterly performance largely backed by improved realisations
– Medium-term triggers China plus and protectionist measures for tyre industry
– Valuations not inexpensive; but improved medium-term outlook
– Quarterly performance largely backed by improved realisations
– Medium-term triggers China plus and protectionist measures for tyre industry
– Valuations not inexpensive; but improved medium-term outlook
RateGain Technologies (CMP: Rs 349 Market Cap:Rs 3726 crore) had recently got listed and we were convinced about its prospects at the time of IPO. However, we were circumspect about its valuation and had advised investor to pick up the stock, post the correction, from the secondary market for the long-term. With the Omicron wave receding and the travel and tourism industry coming back strongly and using technology like never before, the prospects of RateGain — the largest Software as…
