Published on 14/03/2017 12:24:45 PM | Source: Dion Global Solutions Ltd.

Ramco Systems gains on bagging order from Ravensdown Aerowork

Posted in Stock On The Move| #IT Sector #Stock On The Move #Ramco Systems Ltd

Shares of Ramco Systems gained over 3 per cent on the Bombay Stock Exchange after the company said it 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,” the company said in a release.

Boosted by the development, shares of company gained as much as 3.22 per cent at Rs 360.20 apiece on the Bombay Stock Exchange. In a similar fashion, stocks of company rose 2.23 per cent to Rs 357.45 apiece on the National Stock Exchange. Meanwhile, the broader benchmark BSE Sensex was trading at 29,433.47, up 487.24 points, or 1.68 per cent at 11:55 hours.