Ramco System gains on incorporating wholly owned subsidiary in Vietnam

07 Jul 2017 Evaluate

Ramco Systems is currently trading at Rs. 338.00, up by 1.10 points or 0.33% from its previous closing of Rs. 336.90 on the BSE.

The scrip opened at Rs. 336.90 and has touched a high and low of Rs. 338.00 and Rs. 336.90 respectively. So far 195 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 719.40 on 07-Jul-2016 and a 52 week low of Rs. 286.00 on 14-Dec-2016.

Last one week high and low of the scrip stood at Rs. 349.00 and Rs. 324.30 respectively. The current market cap of the company is Rs. 1028.70 crore.

The promoters holding in the company stood at 55.01%, while institutions and non-institutions held 22.59% and 22.40% respectively.

Ramco System has established a wholly owned subsidiary in Vietnam named as ‘Ramco System Vietnam Company’. The Enterprise Registration Certificate for Single-Member Limited Liability Company dated July 03, 2017 has been received on July 5, 2017. The company has incorporated wholly owned subsidiary to carry on the business operations in Vietnam.

Ramco is a fast-growing enterprise software player disrupting the market with its multi-tenant cloud and mobile-based enterprise software in HCM and Global Payroll, ERP and M&E MRO for Aviation.

Ramco Systems Share Price

275.60 1.35 (0.49%)
Aug 08, 18:02 View Price Chart
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