Ramco Systems strengthens on bagging order from Astra Airlines Group

11 Sep 2013

Ramco Systems is currently trading at Rs 77.00, up by 0.85 points or 1.12% from its previous closing of Rs 76.15 on the BSE.

The scrip opened at Rs 77.05 and has touched a high and low of Rs 77.05 and Rs 77.00 respectively. So far 138 shares were traded on the counter.

The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 161.05 on 08-Oct-2012 and a 52 week low of Rs 67.55 on 04-Jul-2013.

Last one week high and low of the scrip stood at Rs 82.00 and Rs 73.60 respectively. The current market cap of the company is Rs 121.20 crore.

The promoters holding in the company stood at 68.73%, while Institutions and Non-Institutions held 2.16% and 29.11% respectively.

Ramco Systems, the global Aviation Software provider on Cloud, Mobile and Tablets has bagged order from Astra Airlines Group, one of the emerging passenger airlines operating from Greece. The win further fortifies Ramco’s position in the global MRO segment.

Under the agreement, Ramco will provide its maintenance repair and overhaul (MRO) solution, including maintenance & engineering (M&E), aviation finance, technical records & engineering, inventory & supply chain, and maintenance planning & execution.

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