Ramco Systems is currently trading at Rs. 374.65, up by 22.40 points or 6.36% from its previous closing of Rs. 352.25 on the BSE.
The scrip opened at Rs. 358.95 and has touched a high and low of Rs. 380.25 and Rs. 358.00 respectively. So far 7625 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. 318.10 on 28-Jun-2018.
Last one week high and low of the scrip stood at Rs. 380.25 and Rs. 333.90 respectively. The current market cap of the company is Rs. 1139.99 crore.
The promoters holding in the company stood at 54.75%, while Institutions and Non-Institutions held 23.35% and 21.90% respectively.
Ramco Systems has secured an order for Ramco Aviation Suite from Hong Kong Aircraft Engineering Company (HAECO), one of the world’s leading independent aircraft engineering and maintenance, repair and overhaul (MRO) groups.
Ramco will provide end-to-end solution to HAECO ITM, a HAECO Group company which provides Inventory Technical Management solutions by unifying various techno-commercial functions - covering Customer Contract Management, Supply Chain Management, Inventory Management, Financial Management, and Component Engineering including Reliability Management - on a single platform equipped with advanced supply chain planning and optimisation. Ramco Aviation Suite will integrate with HAECO’s existing business systems, while the partnership will also enable HAECO ITM to interface with customers and suppliers through Aeroxchange.
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.
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