Ramco Systems soars on entering into strategic alliance with NEC India

14 Mar 2013

Ramco Systems is currently trading at Rs. 105.00, up by 5.30 points or 5.32% from its previous closing of Rs. 99.70 on the BSE.

The scrip opened at Rs. 100.00 and has touched a high and low of Rs. 107.00 and Rs. 100.00 respectively. So far 3,593 shares were traded on the counter.

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. 79.30 on 14-Feb-2013.

Last one week high and low of the scrip stood at Rs. 101.95 and Rs. 88.30 respectively. The current market cap of the company is Rs. 165 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, an enterprise software product company focused on delivering ERP on cloud, mobile and tablets has entered into a strategic alliance with NEC India, a leading network and IT solution provider, with aims to serve the growing customer needs for SaaS based ERP to companies in the mid to large enterprise segments in India.

Through this partnership, NEC will leverage its ‘Cloud Services Platform’ to offer Ramco’s flagship offering, Ramco ERP on Cloud to its enterprise customers. With this alliance, NEC will help Ramco to get an extended reach into the Indian market via the long clientele that NEC provides. 

Ramco Systems is a leading software company focused on consulting, product and managed services business. The company focuses on providing innovative business solutions that can be delivered quickly and cost-effectively in complex environments.

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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