Ramco Systems is currently trading at Rs. 121.00, up by 1.90 points or 1.60% from its previous closing of Rs. 119.10 on the BSE.
The scrip opened at Rs. 120.00 and has touched a high and low of Rs. 124.00 and Rs. 119.65 respectively. So far 1066 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. 122.00 and Rs. 100.00 respectively. The current market cap of the company is Rs. 193.57 crore.
The promoters holding in the company stood at 67.8% while Institutions and Non-Institutions held 2.16% and 30.0% respectively.
Ramco Systems is reportedly planning to expand its international presence by taking on industry giants such as SAP and Oracle in the enterprise resource planning (ERP) space. It is also strengthening its top management for this initiative. The entity is planning to increase its global presence in offering products and solutions on the cloud.
SAP is capitalizing on its large existing customer base and maximizing it, while Ramco’s products are user-driven and can be customized for a particular client at a short time. At present, a number of companies are using legacy systems of other companies and Ramco plans to tap these clients, who can switch over to the latest technology in a few weeks.
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