Ramco Systems trades jubilantly on bagging order from CSAGA

14 Jul 2017

Ramco Systems is currently trading at Rs. 377.00, up by 31.70 points or 9.18% from its previous closing of Rs. 345.30 on the BSE.

The scrip opened at Rs. 349.00 and has touched a high and low of Rs. 390.00 and Rs. 345.50 respectively. So far 67933 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 693.00 on 14-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. 390.00 and Rs. 335.50 respectively. The current market cap of the company is Rs. 1155.62 crore.

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

Ramco Systems has secured order from China Southern Airlines General Aviation (CSAGA), the second largest offshore helicopter operator in China for integrating its organization-wide maintenance and engineering operations.

The Zhuhai-based company, which operates Asia’s largest fleet of Sikorsky helicopters will implement Ramco Aviation Maintenance & Engineering Suite 5.8, enabling its staff across China to automate and manage fleet data in real time.

With functions for aircraft and component tracking, quality and regulatory compliance, offline maintenance, and supply chain management, bundled with advanced reporting and analytics capabilities, Ramco’s mobile friendly solution offers an end to end maintenance engineering system tightly integrated with HR & Finance modules aimed at significantly reducing paperwork and human error.

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.

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