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Ramco Systems bags multi-million dollar deal; stock zooms 10%

Shares of Ramco Systems rallied 10 per cent to scale fresh 52-week high of Rs 620.55 on the BSE on Wednesday after the company said it has signed a multi-million-dollar agreement with a Global Fortune 500 major . We are pleased to intimate you that Ramco Systems has signed a multi-million-dollar agreement with a Global Fortune 500 major to unify and transform its Payroll for 18 countries in Asia Pacific region on Ramco’s Managed Payroll Services. With this win, we have added three Fortune 500 brands as clients for Ramco Global Payroll, in Q3 2020, the company said in a filing to exchanges. Complete with chatbots, voice, and AI/ML, Ramco HR and Global Payroll addresses operational HR modules including Core HR, Time & Attendance & Global Payroll with statutory compliance across 50+ countries.

Ramco Systems spurts on winning orders

Ramco Systems rose 7.65% to Rs 611.70 after the company said it has signed large multi-million dollar agreements in Europe, Asia and America.The Ramco Aviation, Aerospace & Defense business unit signed an order from a leading European MRO for delivering full suite Ramco Aviation Software, to digitally transform their MRO business consisting of line maintenance, heavy maintenance, engine shops, component shops & supply chain. The Ramco ERP business unit won an order in Asia. Agrifields DMCC, one of the largest companies in the trading of fertilizers and other agricultural inputs in the middle east, will be implementing Ramco ERP Suite including modules for inventory, procurement, production, maintenance, along with real time integration to plant operations via RTI (Real Time Integrator) for its operations in Philippines.

This stock rallied 860% in seven months; did you miss the rally

This stock rallied 860% in seven months; did you miss the rally On Monday, Ramco Systems shares surged over 8 per cent to hit fresh 52-week high of Rs 616 on the BSE after the company secured large multi-million dollar deals Chitranjan Kumar | December 14, 2020 | Updated 15:59 IST Ramco Systems shares surged 860% in seven months Shares of Ramco Systems surged as much as 8.4 per cent to hit fresh 52-week high of Rs 616 on the Bombay Stock Exchange (BSE) in the intraday trade on Monday after the software and services company secured large multi-million dollar deals. The stock has rallied 860 per cent in the last seven months from its 52-week low of Rs 64.10 touched on May 21, 2020.  

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