Ramco Systems touches the roof on inking pact with Falcon Aviation Services

07 Aug 2014

Ramco Systems is currently trading at its upper circuit limit of Rs. 355.75, up by 16.90 points or 4.99 % from its previous closing of Rs. 338.85 on the BSE.

The scrip opened at Rs. 355.75 and has touched a high and low of Rs. 355.75 and Rs. 355.75 respectively. So far 1787 shares were traded on the counter.

The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 355.75 on 07-Aug-2014 and a 52 week low of Rs. 67.01 on 01-Oct-2013.

Last one week high and low of the scrip stood at Rs. 355.75 and Rs. 292.50 respectively. The current market cap of the company is Rs. 853.88 crore.

The promoters holding in the company stood at 70.70% while Institutions and Non-Institutions held 6.29% and 23.01% respectively.

Ramco Systems, the global Aviation software provider on Cloud, Mobile and Tablets, has signed a pact with the Middle East (West Asia) based Falcon Aviation Services to provide its aviation suite to the latter which will be its 65th Aviation customer. As per the agreement, the company will be providing its complete Engineering, Materials Management, Maintenance, Quality, Flight Operations, and MRO modules along with ERP Financials, HR and Payroll.

Based at Al Bateen Executive Airport, Falcon Aviation Services operates a fleet of corporate jets conducting VIP charter flights, as well as a fleet of helicopters serving the offshore oil and gas industry. The company also conducts search and rescue, aircraft management, maintenance, repair and overhaul (MRO), as well as consulting operations.

Ramco Systems is a leading software company focused on consulting, product and managed services business. The company focuses on providing innovative business solutions that can be delivered quickly and cost-effectively in complex environments.


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