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06-12-2024 10:27 AM | Source: Accord Fintech
Ramco Systems jumps on partnering with Hanjin Information Systems & Telecommunication

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Ramco Systems is currently trading at Rs. 506.90, up by 29.90 points or 6.27% from its previous closing of Rs. 477.00 on the BSE.

The scrip opened at Rs. 497.00 and has touched a high and low of Rs. 517.00 and Rs. 494.60 respectively. So far 22374 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 522.40 on 04-Dec-2024 and a 52 week low of Rs. 262.05 on 28-Mar-2024.

Last one week high and low of the scrip stood at Rs. 522.40 and Rs. 424.05 respectively. The current market cap of the company is Rs. 1773.10 crore.

The promoters holding in the company stood at 53.44%, while Institutions and Non-Institutions held 15.29% and 31.27% respectively.

Ramco Systems has entered into a partnership with Hanjin Information Systems & Telecommunication (HIST), a leading ICT services company and a subsidiary of the Hanjin Group, Korea. This partnership leverages the company’s next-gen aviation maintenance software in collaboration with HIST’s expertise in IT consulting for the aviation industry. Together, both the parties will enable the aviation organizations headquartered in Korea to digitally transform their M&E and MRO operations.

The partnership provides Korean aviation organizations with the powerful synergy of HIST’s advisory and software implementation expertise as well as the company’s Aviation 6.0 Software, which enables organizations with streamlined processes, optimized supply chain, and enhanced efficiency in engine maintenance management. The company and HIST will collaborate on the first-ever implementation of Ramco Aviation Software 6.0 at Korean Air, the national flag carrier of South Korea.

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.