Ramco Systems strengthens on winning 5 new orders in Q3 of FY 2013-14

17 Jan 2014

Ramco Systems is currently trading at Rs. 183.00, up by 1.00 points or 0.55% from its previous closing of Rs. 182.00 on the BSE.

The scrip opened at Rs. 180.40 and has touched a high and low of Rs. 183.00 and Rs. 173.05 respectively. So far 1401 shares were traded on the counter.

The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 207.50 on 08-Jan-2014 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. 203.40 and Rs. 175.10 respectively. The current market cap of the company is Rs. 277.96 crore.

The promoters holding in the company stood at 68.54% while Institutions and Non-Institutions held 2.15% and 29.31% respectively.

Ramco Systems, an enterprise software product company focused on delivering ERP, HCM and Aviation MRO on Cloud, Tablets and Smart phones has witnessed good traction in the Europe region. The company has announced 5 new wins in Q3 of FY 2013-14. These include Denmark-based, DanCopter, Eagle Air in Iceland, Ellinair in Greece, Aerogulf Sola Engine Centre in Norway (the CFM56 engine MRO specialists who are part of the Bahrain-based Aero Gulf Group), and Enspec Power, a leading Electrical Engineering company in UK.

DanCopter based in Denmark marks the first win resulting out of Ramco -- Airbus Helicopters (earlier called Eurocopter) partnership which was signed during the Paris Airshow in 2013. The company which provides helicopter transportation services to Oil & Gas companies in the North Sea, Norwegian Sea, Barents Sea, and as well as for Shell in Nigeria will be implementing Ramco’s end-to-end Maintenance & Engineering (M&E) offering with pre-loaded content for fast and efficient cost capturing and tracking.

With a full-suite offering to address the ERP, MRO (Maintenance, Repair & Overhaul) and M&E solutions, Ramco has been addressing the needs of Airlines, Heli-operators, CAMOs (Continuing Airworthiness Management Organisations) and MROs.

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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