Ramco Systems gains on strengthening global presence for HCM products

18 Nov 2013

Ramco Systems is currently trading at Rs. 111.00, up by 3.00 points or 2.78% from its previous closing of Rs. 108.00 on the BSE.

The scrip opened at Rs. 110.90 and has touched a high and low of Rs. 111.00 and Rs. 110.90 respectively.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 124.00 on 28-Mar-2013 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. 111.45 and Rs. 105.00 respectively. The current market cap of the company is Rs. 174.00 crore.

The promoters holding in the company stood at 68.73% while Institutions and Non-Institutions held 2.16% and 29.12% respectively.

Ramco Systems, an enterprise software product company focused on delivering ERP on Cloud, Tablets and Smart phones has added consultants and boutique firms as business partners in North America strengthening its presence for HCM products in the region along with its ERP and Aviation Suite of offerings.

The company has been showcasing the HCM on Cloud offering across HR shows in the US and has received positive feedback from both partners and prospects. Interestingly, verticals such as Retail and Services which have a large talent pool and need for mobile-enabled solutions have been the first to move to Ramco HCM on Cloud. To address the Services industry in particular, the company has also launched Services Resource Planning (SRP) solution, a flavor of its ERP on Cloud offering.

Besides, the company’s Managed Services (BPO) division has witnessed good traction from large organizations looking for an outsourced vendor to support their Statutory and Payroll processing needs.

Related Ramco Systems Ltd. Links:

Ramco Systems Share Price

515.30 -0.80 (-0.16%) May 14, 18:01
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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323