Ramco Systems trades jubilantly on bagging order from Canada based ‘L-3 MAS’

06 Sep 2016

Ramco Systems is currently trading at Rs. 516.10, up by 30.10 points or 6.19% from its previous closing of Rs. 486.00 on the BSE.

The scrip opened at Rs. 488.00 and has touched a high and low of Rs. 532.65 and Rs. 484.00 respectively. So far 15329 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 900.00 on 09-Nov-2015 and a 52 week low of Rs. 482.00 on 02-Sep-2016.

Last one week high and low of the scrip stood at Rs. 532.65 and Rs. 482.00 respectively. The current market cap of the company is Rs. 1546.10 crore.

The promoters holding in the company stood at 55.91%, while institutions and non-institutions held 25.93% and 18.16% respectively.

Ramco Systems, the global aviation software provider on cloud and mobile, has won an order from L-3 MAS for the Ramco Aviation Suite to support the Canadian CC-150 Polaris fleet. L-3 MAS, Canada’s leading aircraft support service provider, will implement Ramco Aviation Suite V5.7 to manage the Maintenance, Repair and Overhaul (MRO) operations of the Royal Canadian Air Force fleet of CC-150 Polaris aircraft.

Ramco’s scalable and mobile-enabled MRO software built for the aviation industry will replace the incumbent legacy maintenance system in use for the CC-150 Polaris fleet with a full suite of aviation software covering Engineering & Programs, Materials Management, Maintenance, Compliance & Quality, Flight Operations, and MRO Sales, coupled with Offline Maintenance. The suite is expected to streamline L-3 MAS’ user processes and data infrastructure.

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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