India, March 13 -- Shares of travel-focussed SaaS company RateGain dipped as much as 2.8% to hit a fresh 52-week low at INR 455.10 on the BSE during the early trading today.

At 10:40 AM, the stock was trading 2.01% lower at INR 459.10. At this point, its market capitalisation stood at INR 5,414.54 Cr and more than 2.4 Lakh shares were traded by then.

Amid the ongoing correction in the Indian stock markets, RateGain has been on a downward trajectory over the past few months. The stock ended the previous three trading sessions in the red. It has declined over 10.59% in the last five sessions and nearly 27% over the last month.

The stock has given a negative return of around 38% both year to date and in the last year.

Founded in 2004, Ra...