Ramco Systems jumps on signing agreement with Philippine Airlines
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Ramco Systems is currently trading at Rs. 220.25, up by 11.95 points or 5.74% from its previous closing of Rs. 208.30 on the BSE.
The scrip opened at Rs. 212.60 and has touched a high and low of Rs. 224.40 and Rs. 212.60 respectively. So far 7987 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 374.45 on 07-Apr-2022 and a 52 week low of Rs. 206.90 on 15-Feb-2023.
Last one week high and low of the scrip stood at Rs. 242.85 and Rs. 206.90 respectively. The current market cap of the company is Rs. 768.85 crore.
The promoters holding in the company stood at 54.27%, while Institutions and Non-Institutions held 7.47% and 38.27% respectively.
The Philippines’ national flag carrier, Philippine Airlines, Inc. (PAL), has signed an agreement with the global aviation software provider Ramco Systems, to deploy Ramco’s state-of-the-art Aviation Suite V5.9. The solution will replace standalone legacy systems thereby integrating, automating, and enhancing business performances across PAL and its affiliate PAL Express.
Aligned with PAL’s Accelerated Initiatives for Recoveries and Full Optimization through Innovation and Leadership (AIRFOIL) program, Ramco’s on-cloud, next-gen platform will offer PAL end-to-end optimization of maintenance and engineering business processes that will support regulatory compliance and enable sustainable digital transformation through paperless 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.
