Ramco Systems touches the roof on bagging order worth $3 million

09 Oct 2014

Ramco Systems is currently trading at its upper circuit limit of Rs. 455.45, up by 21.65 points or 4.99% from its previous closing of Rs. 433.80 on the BSE.

The scrip opened at Rs. 455.45 and has touched a high and low of Rs. 455.45 and Rs. 446.05 respectively. So far 3253 shares were traded on the counter.

The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 530.25 on 09-Sep-2014 and a 52 week low of Rs. 78.16 on 09-Oct-2013.

Last one week high and low of the scrip stood at Rs. 455.45 and Rs. 410.00 respectively. The current market cap of the company is Rs. 1105.14 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 bagged an order, for providing Ramco’s Aviation solution and related services, from a leading provider of aerial services headquartered in the UK, for an order value of above $3 million for a period of five years.

Meanwhile, the company’s subsidiary, Ramco Systems Corporation, USA, has secured an order, for providing Ramco’s Aviation Solution and HCM and related services, from a leading provider of aviation solutions in the USA for Government & commercial enterprises globally, for an order value of above $1 million for a period of about five years.

Further, Ramco Systems LLC, Dubai, the company’s subsidiary, has got an order from a Fortune 500 company in Dubai, for managing the payroll services for their employees spread across ten countries in the Middle East Region, for an order value of above $1 million for a period of three years.

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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