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Ramco Systems trades jubilantly on bagging order from European Banking & Financial Services Giant

24 Oct 2017 Evaluate

Ramco Systems is currently trading at Rs. 398.00, up by 25.50 points or 6.85% from its previous closing of Rs. 372.50 on the BSE.

The scrip opened at Rs. 378.00 and has touched a high and low of Rs. 399.00 and Rs. 377.50 respectively. So far 5049 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 500.00 on 10-Nov-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. 399.00 and Rs. 365.00 respectively. The current market cap of the company is Rs. 1150.75 crore.

The promoters holding in the company stood at 54.96%, while institutions and non-institutions held 22.62% and 22.42% respectively.

Ramco Systems has won a Multi-million dollar Payroll Transformation order from one of the FTSE 100 constituent and British Multinational Banking & Financial Services company. Ramco will enable the BFSI major in consolidating its multi-country Payroll on a unified platform and provide Managed Payroll Services for its associates spread across 14 countries.

With Ramco’s Global Payroll platform, the BFSI major will derive benefits of a unified payroll processing system which will effectively and efficiently handle operations of 8500+ employees across Asia covering Vietnam, Brunei, Bangladesh, Sri Lanka & Nepal; and the Middle East covering Iraq, Bahrain, Oman, Qatar, Saudi Arabia, Egypt, Lebanon, Jordan and UAE in Phase 1. The scope includes providing Payroll, Taxes, Time & Attendance, Leave Management, Loans and Reimbursements and Self Service.

Ramco Systems 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

439.70 1.85 (0.42%)
17-Apr-2026 16:59 View Price Chart
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