Ramco Systems gains on entering into partnership with Wagestream
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Ramco Systems is currently trading at Rs. 258.35, up by 1.15 points or 0.45% from its previous closing of Rs. 257.20 on the BSE.
The scrip opened at Rs. 253.45 and has touched a high and low of Rs. 260.55 and Rs. 253.45 respectively. So far 5673 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 507.00 on 06-Dec-2021 and a 52 week low of Rs. 221.55 on 14-Jun-2022.
Last one week high and low of the scrip stood at Rs. 269.30 and Rs. 253.45 respectively. The current market cap of the company is Rs. 792.27 crore.
The promoters holding in the company stood at 54.27%, while Institutions and Non-Institutions held 8.01% and 37.72% respectively
Ramco Systems has entered into partnership with Wagestream, Australia's largest charity-backed fintech, to extend real-time pay tracking, flexible pay, money coaching and other financial wellness solutions, together with Ramco Global Payroll solution, to organisations across Australia. This partnership is a testament to Ramco’s vision of enhancing employee wellbeing by providing employees with education and tools to boost financial wellbeing and inclusion, as well as improve employee productivity and engagement of their customers’ workforce.
Wagestream helps alleviate financial stress for employees by offering the ability to reduce reliance on high interest credit and build healthy financial habits. In turn, Wagestream is proven to help businesses fill open roles faster, increase shift filling and reduce attrition.
Ramco Systems is a next-gen enterprise software player disrupting the market with its multi-tenant cloud and mobile-based enterprise software in HR and Global Payroll, ERP and M&EMRO for Aviation.
