Ramco Systems is currently trading at Rs. 177.00, up by 11.30 points or 6.82% from its previous closing of Rs. 165.70 on the BSE.
The scrip opened at Rs. 160.25 and has touched a high and low of Rs. 179.45 and Rs. 160.20 respectively. So far 23931 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 278.00 on 09-Jan-2019 and a 52 week low of Rs. 134.40 on 12-Dec-2019.
Last one week high and low of the scrip stood at Rs. 179.45 and Rs. 155.00 respectively. The current market cap of the company is Rs. 501.53 crore.
The promoters holding in the company stood at 54.71%, while Institutions and Non-Institutions held 20.69% and 24.59% respectively.
Ramco Systems has secured a multi-million-dollar Global Payroll and Workforce Management (WFM) deal from a leading Australian University. With this win, the company will be expanding its foothold in the Higher Education vertical which is witnessing good demand for HR & Payroll transformation.
The company will be partnering with a leading global consulting firm to implement its multi-country Payroll solution while will also offer Workforce Management solution in partnership with an Australian headquartered cloud based WFM provider, thereby providing an integrated Payroll and Workforce Management solution.
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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