Ramco Systems touches the roof on the BSE

Ramco Systems is currently trading at its upper circuit limit of Rs. 220.25, up by 10.45 points or 4.98% from its previous closing of Rs. 209.80 on the BSE.

The scrip opened at Rs. 212.00 and has touched a high and low of Rs. 220.25 and Rs. 212.00 respectively. So far 5316 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 220.25 on 04-Mar-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. 220.25 and Rs. 188.00 respectively. The current market cap of the company is Rs. 349.49 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 has entered into a strategic partnership with Malaysia Airline, for a suite of critical enterprise-wide engineering solutions that includes aircraft maintenance, maintenance service sales, operational, human resources and financial functions. This advanced solution which integrates business processes and people, company-wide, will serve the entire engineering functions for Malaysia Airlines group including Firefly, MASwings and MASkargo, and also support its Maintenance, Repair and Overhaul (MRO) services.

The implementation allows Malaysia Airlines to operate state-of-the-art aviation business processes to improve and optimize fleet management and give advance updates on MRO and engineering matters, facilitating decision-making on both desk-top and mobile devices.

With the aviation industry facing intense competition and pressure on yields, Malaysia Airlines is transforming a suite of critical functions from the tarmac to the corporate HQ. The Ramco ERP solution provides significant cost and operational improvements to the client. Malaysia Airlines opted to include Ramco's integrated solutions for service sales contract management, maintenance and engineering, procurement, advanced planning and optimization, advanced reliability and Loadable Software Aircraft Parts (LSAP). Ramco's web-centric solution can be installed on Malaysia Airlines' on-site infrastructure as well as an on Cloud. This will allow the carrier to expand and accommodate changing business processes, without a high initial investment.

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.