Ramco Systems is currently trading at Rs. 359.50, up by 10.55 points or 3.02% from its previous closing of Rs. 348.95 on the BSE.
The scrip opened at Rs. 356.85 and has touched a high and low of Rs. 371.15 and Rs. 353.65 respectively. So far 9,735 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 814.00 on 03-May-2016 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. 371.15 and Rs. 347.10 respectively. The current market cap of the company is Rs. 1,092.23 crore.
The promoters holding in the company stood at 55.12%, while Institutions and Non-Institutions held 22.90% and 21.98% respectively.
Ramco Systems, leading provider of Aviation & Maintenance software on Cloud, Mobile and Tablets, has received an order from New Zealand based Ravensdown Aerowork, a subsidiary of the farmer-owned-cooperative Ravensdown. Ramco will deploy Ramco Aviation Suite v5.8 to enable Ravensdown Aerowork automate and unify the maintenance and overhaul operations of its fleet. Ravensdown is a fertiliser manufacturing and distribution company that provides key agri inputs that also owns and has interests in a number of ground and aerialspreading businesses. Ravensdown Aerowork operates fixed wing aircrafts which spread fertilisers across New Zealand. The company's fleet has the ability to carry up to 2000kg loads.
As part of the engagement, Ramco will be providing its Maintenance & Engineering, Supply Chain, MRO Sales, Manufacturing, Fixed Asset Management, AP invoicing, General Accounting modules for efficient management of systems and processes. Replacing Ravensdown's paper-based system, Ramco Aviation Suite will provide greater visibility on work planning, reporting and costing for the company's aircraft operation and maintenance business.