The acquisition of Adara a big plus for RateGain, but investors should look for a better entry point, given the current gyration in technology stocks
(Image: Representative AFP)
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
Highlights The RateGain stock had shown huge outperformance in the past couple of moths The company acquired Adara Inc that provides AI-powered travel intent data This database is a unique moat for Adara that can be leveraged in multiple ways Acquisition at a distressed valuation amid meltdown in technology stocks Plans in place to boost growth and improve operating margin that is at breakeven level Deal EPS accretive from FY24 if the plans materialise Technology stocks to gyrate, add at lower levels for the long term We…
