Ramco Systems gains on strengthening association with Addison & Co
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Ramco Systems is currently trading at Rs. 254.50, up by 2.45 points or 0.97% from its previous closing of Rs. 252.05 on the BSE.
The scrip opened at Rs. 252.50 and has touched a high and low of Rs. 254.50 and Rs. 250.05 respectively. So far 517 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 477.10 on 04-Jan-2022 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. 259.60 and Rs. 250.05 respectively. The current market cap of the company is Rs. 784.33 crore.
The promoters holding in the company stood at 54.27%, while Institutions and Non-Institutions held 7.98% and 37.75% respectively.
Ramco Systems has strengthened its 25-year association with India’s leading manufacturer and exporter of metal cutting tools, Addison & Co. It will provide its next-gen Enterprise Resource Planning (ERP) software to Addison & Co.
Ramco’s ERP software will offer Addison modules covering Finance & Accounts, Inventory, Purchases, Sales, Production, Quality Management and Maintenance Management, as well as a Supplier & Customer Portal on a single integrated platform. The solution will provide Addison with real-time information availability across the business and reporting capabilities to support their decision making.
In addition, with its features like Mobility and Rule-Based Notifications, Ramco’s ERP software will provide Addison’s employees instant notifications and assist them in taking appropriate action, anytime and anywhere.
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.
