Ramco Systems is currently trading at Rs. 87.00, up by 1.45 points or 1.69% from its previous closing of Rs. 85.55 on the BSE.
The scrip opened at Rs. 84.00 and has touched a high and low of Rs. 87.25 and Rs. 84.00 respectively.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 170.00 on 16-Jul-2012 and a 52 week low of Rs. 77.20 on 22-Feb-2012.
Last one week high and low of the scrip stood at Rs. 94.00 and Rs. 79.30 respectively. The current market cap of the company is Rs. 136.50 crore.
The promoters holding in the company stood at 67.81% while Institutions and Non-Institutions held 2.16% and 30.03% respectively.
Ramco Systems is engaged in a major rebuilding exercise to take on global giants such as SAP and Oracle in offering its products and solutions on the cloud. This will be the next big wave in the information technology industry.Company wants to change the general perception in the market that its products and solutions are only for small companies.
The company also aims to increase presence in the US, its biggest market. It has a presence in New Jersey with around 70 people and plans to open two more offices in other locations to tap large companies that require Enterprise Resource Planning on the Cloud, a combination of software and hardware offered in a network, which could be Internet, on a pay as you use basis.
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