Ramco Systems is currently trading at Rs. 324.35, up by 5.10 points or 1.60% from its previous closing of Rs. 319.25 on the BSE.
The scrip opened at Rs. 319.45 and has touched a high and low of Rs. 335.00 and Rs. 316.00 respectively. So far 3197 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 849.00 on 03-Dec-2015 and a 52 week low of Rs. 315.60 on 23-Nov-2016.
Last one week high and low of the scrip stood at Rs. 385.95 and Rs. 315.60 respectively. The current market cap of the company is Rs. 976.91 crore.
The promoters holding in the company stood at 55.72%, while Institutions and Non-Institutions held 26.42% and 17.86% respectively.
After expanding into China and setting up office in the Philippines, Ramco Systems continued its expansion in APAC with Brunei’s largest bank and flagship Islamic financial institution, Bank Islam Brunei Darussalam Berhad (BIBD) announcing that it will integrate its business processes across HR and enterprise resource planning functions with Ramco Systems’ Enterprise Resource Planning (ERP) integrated with full suite Human Capital Management (HCM) and Global Payroll.
Cloud software provider Ramco beat global vendors to secure the contract with BIBD, Brunei’s flagship Islamic bank and the country’s largest financial services provider serving all banking sectors. The partnership marks Ramco’s entry into Brunei and strengthening of presence in South East Asia.
Ramco will implement its ERP solution integrated with full suite HCM and Global Payroll, across BIBD’s branches and 900+ employees spread in Brunei’s four districts. The scope of engagement includes Finance and Accounting, Inventory and Procurement, as well as core HR functions, Time & Attendance, Payroll, Training and Recruitment.
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