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On the NSE, RateGain’s stock rose as much as 8.28% during the day to Rs 814.40 apiece, the highest since May 21. It was trading 6.02% higher at Rs 797.40 apiece, compared to a 0.07% advance in the benchmark Nifty at 10:59 a.m.
The share price has risen 94.04% in the last 12 months and 9.47% on a year-to-date basis. The total traded volume so far in the day stood at 8.3 times its 30-day average. The relative strength index was at 65.13.
Six analysts tracking the company maintain a ‘buy’ rating on the stock, according to Bloomberg data. The average of 12-month analyst price targets implies a potential upside of 18.3%.
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