Ramco Systems jumps on incorporating wholly owned subsidiary in Qatar
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Ramco Systems is currently trading at Rs. 258.10, up by 2.85 points or 1.12% from its previous closing of Rs. 255.25 on the BSE.
The scrip opened at Rs. 259.35 and has touched a high and low of Rs. 259.60 and Rs. 258.10 respectively. So far 337 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 499.45 on 30-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. 259.00 and Rs. 239.05 respectively. The current market cap of the company is Rs. 795.43 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 incorporated wholly owned subsidiary company namely ‘Ramco System LLC’ in Qatar on December 27, 2022. The company has incorporated wholly owned subsidiary to carry on the business operations in Qatar. Ramco System LLC is yet to commence its business operations.
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.
