Air India has selected technology company RateGain to provide its product called 'AirGain' that will assist in dynamically adjusting ticket prices with real-time, accurate and high-quality airfare data, a statement said on Wednesday. Tata Group-owned Air India maintains a fleet of 113 planes that operate over 500 daily flights, its statement noted. "AirGain offers actionable insights to quickly react to market price change and stay ahead of the competition through its scalable and intuitive analytical capabilities," it said. Airlines gain competitive intelligence by analyzing market data in real-time, it added. AirGain's ability to track historical trends and fare changes on the most-profitable routes makes it easy for revenue and commercial teams to stay on top of every market development, the statement said.
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
Stocks of a dozen firms that debuted recently may come under pressure as the mandatory one-month lock-in period for anchor investors ends
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The stock was up 10% in intraday trades today, but still traded below its issue price of Rs 425 per share
The company began its operations in 2004 by introducing a competitive intelligence price comparison product for hotels.
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The BSE Midcap and Smallcap indices ended with losses of 2.4 per cent and 2.1 per cent, respectively. Declining stocks outpaced advancing shares in more than 2:1 ratio
The stock got listed at Rs 360, a 15 per cent discount to its issue price of Rs 425 per share on the National Stock Exchange
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A day earlier, the company had allotted nearly Rs 600 crore worth of shares to 34 anchor investors
The IPO will be open for subscription from December 07 to December 09, in the price band of Rs 405 to Rs 425