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Ramco Systems strengthens on bagging order from mission aviation fellowship

10 Aug 2015

Ramco Systems is currently trading at Rs. 988.50, up by 17.50 points or 1.80% from its previous closing of Rs. 971.00 on the BSE.

The scrip opened at Rs. 970.00 and has touched a high and low of Rs. 1001.50 and Rs. 965.25 respectively. So far 9899 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1113.00 on 05-Aug-2015 and a 52 week low of Rs. 341.20 on 08-Aug-2014.

Last one week high and low of the scrip stood at Rs. 1113.00 and Rs. 954.00 respectively. The current market cap of the company is Rs. 2915.12 crore.

The promoters holding in the company stood at 56.97% while Institutions and Non-Institutions held 23.99% and 19.04% respectively.

Ramco Systems, the global Aviation software provider on cloud, mobile & tablets, has bagged new order from US-based Christian mission organization Mission Aviation Fellowship (MAF). The company will implement Ramco Aviation Suite with OFMS (Offline Field Maintenance System) to help MAF track multi-location maintenance operations & inventories.

Ramco Aviation Suite, the preferred aviation and MRO software of noted players in the industry, will provide modules of maintenance and engineering, compliance and quality, inventory and Procurement, and Mobility. The enterprise solution will also offer OFMS, thereby addressing MAF’s fleet management needs in remote regions with limited or no connectivity.

Ramco Systems is part of $1 billion Ramco Group, offering sofware for HCM, ERP and aviation verticals. The company’s payroll solutions are offered in Asia Pacific, Middle East and Australia, among other countries.

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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