India, Feb. 18 -- Shares of enterprise tech unicorn RateGain hit a fresh 52-Week low for the second consecutive session as the stock tanked over 6% to trade at INR 504.75 during the intraday trading session on the BSE today (February 18).

At the time of writing, its market capitalisation stood at INR 5,971 Cr with more than 5 Lakh shares traded hands by 11:50 AM.

RateGain closed the previous trading session (February 18) at INR 538.10 and has been ending in red for the last seven sessions.

The stock is following a downward trajectory despite the company's consolidated net profit surged 40% to INR 56.54 Cr in the third quarter of the fiscal year 2024-25 (Q3 FY25) from INR 40.42 Cr in the year-ago quarter. On a quarter-on-quarter basis, ...