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Ramco Systems trades in green on the brouses

14 Feb 2018 Evaluate

Ramco Systems is currently trading at Rs. 463.95, up by 13.70 points or 3.04% from its previous closing of Rs. 450.25 on the BSE.

The scrip opened at Rs. 455.70 and has touched a high and low of Rs. 470.00 and Rs. 453.10 respectively. So far 2131 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 572.90 on 11-Jan-2018 and a 52 week low of Rs. 313.15 on 15-Jun-2017.

Last one week high and low of the scrip stood at Rs. 478.00 and Rs. 422.10 respectively. The current market cap of the company is Rs. 1,416.80 crore.

The promoters holding in the company stood at 54.76%, while Institutions and Non-Institutions held 23.38% and 21.86% respectively.

Ramco Systems and Singapore-based open-source blockchain developer -- XinFin FinTech will join forces in Singapore to build breakthrough hybrid blockchain solutions that combine features of public and private networks to provide secure and rapid transactions for the aviation, logistics and human resources  industries.

Both companies will use the latter's proprietary XDC01 distributed ledger protocol to build a new architecture based on Ramco's software solutions for the three sectors and help provide blockchain led solutions to Ramco's 500+ global enterprise clients.

Besides, both companies will work on the hybrid blockchain solutions out of Ramco's innovation lab in Singapore. Backed by Singapore's Economic Development Board and launched in 2016, the lab focuses on disruptive applications across multiple industries.

The collaboration will lead to a set of distributed ledgers which can prevent users from sending tokens to incompatible networks or non-existent addresses - a current problem facing the fast-growing blockchain industry. The new architecture will also reduce congestion of blockchain networks which inhibit security, speed and scalability.

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

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