Ramco Systems inches up as MMC chooses the company to digitally transform five ports

09 Apr 2021 Evaluate

Ramco Systems is currently trading at Rs. 587.65, up by 0.05 points or 0.01% from its previous closing of Rs. 587.60 on the BSE.

The scrip opened at Rs. 595.00 and has touched a high and low of Rs. 602.95 and Rs. 580.00 respectively. So far 14060 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 784.15 on 11-Jan-2021 and a 52 week low of Rs. 64.10 on 21-May-2020.

Last one week high and low of the scrip stood at Rs. 606.80 and Rs. 554.55 respectively. The current market cap of the company is Rs. 1812.13 crore.

The promoters holding in the company stood at 54.58%, while Institutions and Non-Institutions held 10.44% and 34.98% respectively.

Leading Malaysian utility and infrastructure conglomerate MMC Corporation Berhad (MMC) has embarked on a major digital transformation of five ports, in partnership with global software solutions leader, Ramco Systems.

The digital transformation will consolidate and standardise processes of MMC’s ports, which include Pelabuhan Tanjung Pelepas Sdn Bhd (PTP), Johor Port Berhad, Northport (Malaysia) Bhd, Penang Port Sdn Bhd and Tanjung Bruas Port Sdn Bhd. The group-wide transformation was awarded based on the successful implementation of Ramco integrated Enterprise Resource Planning (ERP) system at one of Malaysia’s most advanced container terminal -PTP.

This technological transformation programme will propel Malaysia to the forefront of global best-in-class ports - which plays a crucial role in mitigating supply chain challenges, including recent disruptions due to COVID-19.

Ramco Systems is a next-gen enterprise software player disrupting the market with its multi-tenant cloud and mobile-based enterprise software in HR and Global Payroll, ERP and M&EMRO for Aviation.

Ramco Systems Share Price

264.50 -4.60 (-1.71%)
28-Mar-2024 16:01 View Price Chart
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