Ramco Systems spurts on bagging five-year contract from Vopak’s Asia division

19 Aug 2014

Ramco Systems is currently trading at Rs. 390.90, up by 18.60 points or 5.00% from its previous closing of Rs. 372.30 on the BSE.

The scrip opened at Rs. 390.90 and has touched a high and low of Rs. 390.90 and Rs. 390.00 respectively. So far 18337 shares were traded on the counter.

The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 395.00 on 12-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. 395.00 and Rs. 343.40 respectively. The current market cap of the company is Rs. 938.25 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 has been awarded a five-year contract from the Asia division of Vopak, the world’s largest independent tank storage provider, to integrate a part of its regional Human Resource functions into a single platform. The company will offer its HRO (Human Resource Outsourcing) services on top of Ramco’s HCM (Human Capital Management) product which is being used by leading multinationals globally.

Under the five-year contract, Ramco’s HCM Solution and HRO Services will be made available to over 700 employees across eight Vopak entities in Singapore, Indonesia, Vietnam, Australia and India. Ramco HCM on Cloud will integrate payroll, e-leave, benefits processing, employee self-service and time management functions into a single platform, and offer services that will allow access to Vopak employees and advanced HCM analytics for business and HR leaders.

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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