You are here: Home » News-CM » Equities » Hot Pursuit
Business Standard

Ramco extends recent rally

Capital Market 

rose 4.04% to Rs 391.50 at 12:46 on BSE, with the stock extending recent rally triggered by the company winning an order from a Chinese company.

Meanwhile, the S&P Sensex was up 56.28 points or 0.18% at 32,077.03. The S&P Small-Cap index advanced 9.38 points or 0.06% at 15,917.39.

On the BSE, 35,000 shares were traded on the counter so far as against the average daily volumes of 9,146 shares in the past one quarter. The stock had hit a high of Rs 397.80 and a low of Rs 378.90 so far during the day. The stock had hit a 52-week high of Rs 706 on 11 July 2016 and a 52-week low of Rs 286 on 15 December 2016.

The stock had outperformed the market over the past one month till 14 July 2017, advancing 19.52% compared with the Sensex's 2.78% rise. The stock had, however, underperformed the market over the past one quarter, declining 2.64% as against the Sensex's 8.69% rise. The scrip had also underperformed the market over the past one year, sliding 45.26% as against the Sensex's 14.6% rise.

The small-cap company has equity capital of Rs 30.44 crore. Face value per share is Rs 10.

Shares of have jumped 16.34% in three trading sessions to its ruling market price, from its close of Rs 336.50 on 12 July 2017 after the company announced during market hours on 13 July 2017 that it has won an order win from China Southern Airlines General Aviation (CSAGA) for integrating its organization-wide maintenance and engineering operations.

CSAGA, which operates Asia's largest fleet of Sikorsky helicopters, will implement Ramco Aviation Maintenance & Engineering Suite 5.8, enabling its staff across China to automate and manage fleet data in real time.

Ramco Aviation Suite V5.8 is a powerful enterprise application that covers the entire spectrum of maintenance operations both for the civil and the military helicoptersfrom maintenance planning to line, hangar, shop and engine maintenance, reliability and engineering, and technical records.

On consolidated basis, Ramco Systems' net profit surged 160.38% to Rs 8.02 crore on 1.32% growth in net sales to Rs 114.31 crore in Q4 March 2017 over Q3 December 2016.

is a fast growing enterprise software player disrupting the market with its multi-tenanted cloud and mobile-based enterprise software in the area of HCM and Global Payroll, ERP and M&E MRO for Aviation.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, July 17 2017. 12:47 IST