Ramco Systems Ltd.

Ramco Systems is currently trading at Rs. 522.20, up by 30.55 points or 6.21% from its previous closing of Rs. 491.65 on the BSE.

The scrip opened at Rs. 497.00 and has touched a high and low of Rs. 530.00 and Rs. 497.00 respectively. So far 58469 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 530.00 on 12-Dec-2017 and a 52 week low of Rs. 286.00 on 14-Dec-2016.

Last one week high and low of the scrip stood at Rs. 530.00 and Rs. 466.00 respectively. The current market cap of the company is Rs. 1600.15 crore.

The promoters holding in the company stood at 54.89%, while Institutions and Non-Institutions held 23.49% and 21.62% respectively.

Ramco Systems has bagged an order from SUEZ Middle East Water Services LLC, part of Suez, a French-based utility company which is present on all five continents in the water treatment and waste management sectors, to automate HR operations of its Middle East operations. The company will deploy its HCM with Global Payroll Solution to integrate the HR and Payroll processes spread across 8 entities in 3 locations of Middle East.

SUEZ will implement modules for Core HR (Employee records and movements, Travel & Expenses), Payroll (Reimbursements and Employee Self Service), Time and Attendance (Leave Management), Performance Management and Recruitment (Recruitment Administration and On-boarding). In addition to enabling automation and centralization of HR processes across GCC, the application will centralize payroll on a single platform thus significantly reducing the payroll processing time.

Ramco Systems is a fast-growing enterprise software player disrupting the market with its multi-tenant cloud and mobile-based enterprise software in HCM and Global Payroll, ERP and M&E MRO for Aviation.