Ramco Systems soars on collaborating with Fly Vaayu to implement next-gen Aviation Software
Ramco Systems is currently trading at Rs. 313.65, up by 4.00 points or 1.29% from its previous closing of Rs. 309.65 on the BSE.
The scrip opened at Rs. 308.55 and has touched a high and low of Rs. 318.25 and Rs. 305.00 respectively. So far 2464 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. 333.20 and Rs. 281.00 respectively. The current market cap of the company is Rs. 1166.38 crore.
The promoters holding in the company stood at 53.37%, while Institutions and Non-Institutions held 15.33% and 31.30% respectively.
Ramco Systems has been selected by Fly Vaayu to implement its next-gen Aviation Software. Fly Vaayu, which is part of the UAE-based Vaayu Group, is a cargo airline based out of Ras Al Khaimah. With modules for CAMO, Maintenance Planning, Line Maintenance, Supply Chain Management, and Finance & Accounting, Ramco Aviation Software will provide Fly Vaayu with an integrated platform that will streamline its operations, enhance process efficiencies, and improve productivity. The implementation will also be rolled out at Pradhaan Air Express, India’s youngest cargo airline and a strategic investment of the Vaayu Group.
Fly Vaayu plans to build RAK into a regional cargo hub by offering its capacity to forwarders, importers, exporters, transhippers, e-commerce players, last-mile providers and charterers. It will operate on routes to Asia, Africa, Europe and the Middle East. Fly Vaayu took delivery of its first A320-200P2F in October 2024. It is the first A320 freighter registered in the Middle East and the first A320P2F conversion completed at the ST Aerospace (Guangzhou) Aviation Services facility.
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.
