Stock Update:
- Ramco Systems is trading at Rs. 392.70, an increase of 26.50 points or 7.24% from its previous close of Rs. 366.20 on the BSE.
- The stock opened at Rs. 379.90, reaching a high of Rs. 402.80 and a low of Rs. 369.00. A total of 34,586 shares have been traded so far.
- With a face value of Rs. 10, the stock hit a 52-week high of Rs. 449.00 on 18-Apr-2024 and a 52-week low of Rs. 248.95 on 26-Oct-2023. Over the last week, it ranged between Rs. 381.30 and Rs. 328.85.
- The company's market cap stands at Rs. 1442.66 crore, with promoter holdings at 51.79%, institutional holdings at 15.91%, and non-institutional holdings at 32.30%.
Contract Details:
Ramco Systems' aviation software has been chosen as the Aircraft Inventory & Maintenance Management System (AIMMS) by Transport Canada's Aircraft Services Directorate (ASD). This decision followed a comprehensive Request for Proposal (RFP) process aimed at providing a cloud-based solution for aircraft inventory and maintenance.
The new software will manage both rotary and fixed-wing fleets at multiple bases across Canada, supporting various Canadian Government departments. It will replace ASD’s existing systems with integrated modules for maintenance and supply chain management, ensuring compliance with Canadian Aviation Regulations (CARs). The solution promises to enhance process efficiencies, digitize operations, and support mobile access via Ramco Anywhere apps.
Company Profile:
Ramco Systems is a leading enterprise software provider, offering cloud and mobile-based solutions across HR and Global Payroll, ERP, and M&EMRO for the aviation sector.