Ramco Systems rises on bagging order from Nova Systems
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Ramco Systems is currently trading at Rs. 234.95, up by 0.50 points or 0.21% from its previous closing of Rs. 234.45 on the BSE.
The scrip opened at Rs. 235.90 and has touched a high and low of Rs. 236.75 and Rs. 233.10 respectively. So far 4453 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 406.00 on 09-Feb-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. 248.00 and Rs. 231.80 respectively. The current market cap of the company is Rs. 825.91 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 bagged an order from global engineering services and technology solutions company Nova Systems for its aviation software 'Aviation M&E MRO Suite V5.9.' Ramco’s Aviation Software will provide Nova Systems modules covering Aviation Manufacturing, Maintenance, Supply Chain Management and Compliance Management.
The solution’s robust workflow and reporting capabilities will enable Nova Systems to streamline their Part 21J, Part 21G and Part 145 operations, meet their industry-specific requirements for material management and provide them with actionable insights.
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.
