Ramco Systems Ltd.

BSE: 532370 | NSE: RAMCOSYS
Small Cap | IT - Software
406.20
-32.80 (-7.47%)
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Ramco Systems strengthens on entering into Philippines market

Date: 23-06-2016

Ramco Systems is currently trading at Rs. 712.00, up by 3.55 points or 0.50% from its previous closing of Rs. 708.45 on the BSE.

The scrip opened at Rs. 710.00 and has touched a high and low of Rs. 715.00 and Rs. 707.00 respectively.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1113.00 on 05-Aug-2015 and a 52 week low of Rs. 571.20 on 20-Jan-2016.

Last one week high and low of the scrip stood at Rs. 715.00 and Rs. 688.00 respectively. The current market cap of the company is Rs. 2,138.00 crore.

The promoters holding in the company stood at 56.04%, while Institutions and Non-Institutions held 25.39% and 18.57% respectively.

Ramco Systems has set up a wholly-owned subsidiary (WOS) in Philippines under the name Ramco System Inc. As the second largest populated nation in ASEAN, Philippines has been witnessing the fastest economic growth among the ASEAN countries.

The company’s new office will employ local innovators, at a time when the Philippines IT sector moves beyond business process outsourcing - a pillar of economic growth in recent years - to include implementation of cloud-based technology to transform local enterprises in the area of ERP, HR, Payroll, Aviation and Logistics.

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.