Ramco Systems jumps on inking pact with Shearwater Health
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Ramco Systems is currently trading at Rs. 220.15, up by 2.65 points or 1.22% from its previous closing of Rs. 217.50 on the BSE.
The scrip opened at Rs. 217.40 and has touched a high and low of Rs. 227.50 and Rs. 215.20 respectively. So far 4172 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 344.70 on 18-Apr-2022 and a 52 week low of Rs. 188.50 on 31-Mar-2023.
Last one week high and low of the scrip stood at Rs. 227.50 and Rs. 212.00 respectively. The current market cap of the company is Rs. 784.70 crore.
The promoters holding in the company stood at 54.27%, while Institutions and Non-Institutions held 7.47% and 38.27% respectively.
Ramco Systems has signed an agreement with Shearwater Health to implement Ramco’s Global Payroll & Operational HR solution, and digitally transform the HR and payroll operations for its more than 4000 employees.
With modules for Payroll, Core HR, Time & Attendance, Travel & Expenses, Recruitment, Training and Performance Management, Ramco’s Global Payroll & HR Solution will provide Shearwater with a 360-degree view of its HR and payroll operations. In addition, Ramco’s focus on Zero UI powered by simple voice and text message inputs will enable Shearwater’s employees to carry out the HR and payroll transactions via a text or an email, without needing to login to the system.
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.
