Ramco Systems is currently trading at Rs 768.70, up by 5.90 points or 0.77% from its previous closing of Rs 762.80 on the BSE.
The scrip opened at Rs 761.40 and has touched a high and low of Rs 768.70 and Rs 756.00 respectively. So far 401 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. 571.20 on 20-Jan-2016.
Last one week high and low of the scrip stood at Rs. 793.50 and Rs. 745.00 respectively. The current market cap of the company is Rs. 2279.30 crore.
The promoters holding in the company stood at 56.29%, while Institutions and Non-Institutions held 25.01% and 18.69% respectively.
Ramco Systems is setting up a subsidiary, Ramco System Inc, in Philippines to carry on business operations in that country. The process of setting up the subsidiary is expected to be complete in two months.
The company has said that the initial subscription to share capital will be 11.75 million Pesos. The investment will be under automatic route of Foreign Exchange Management Act, 1999 and related regulations. The investment is subject to necessary regulatory approvals in respective overseas jurisdiction.
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.