Shares of Ramco Systems rallied 8 per cent to scale fresh 52-week high of Rs 616 on the BSE in the intra-day trade on Monday after the company said its various business units have signed large multi-million dollar agreements with multiple companies based in Europe, Asia and America. The company, however, did not disclose the value of the orders win.
In the past two trading days, stock of the IT consulting & services company has risen 19 per cent from the level of Rs 518 hit on Thursday, December 10.
Ramco Aviation, Aerospace & Defense signed an agreement with a leading European MRO (Maintenance, Repair & Overhaul) for delivering full suite Ramco Aviation Software to digitally transform their MRO business, consisting of line maintenance, heavy maintenance, engine shops, component shops and supply chain. "In addition, they would also benefit from digital enablers such as mobility applications, bots, HUBs, AI, dashboards and 3rd party integration offerings powered by Ramco," the company said in a BSE filing.