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Ramco rallies 11.6% in two sessions

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surged 8.77% to Rs 375.60 at 12:45 on BSE, with the stock extending Thursday's gains triggered by the company winning an order from a Chinese company.

Meanwhile, the S&P Sensex was down 21.34 points or 0.07% at 32,016.04. The S&P Small-Cap index declined 41.94 points or 0.26% at 15,921.63.

On the BSE, 78,000 shares were traded on the counter so far as against the average daily volumes of 7,620 shares in the past one quarter. The stock had hit a high of Rs 390 and a low of Rs 345.50 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 13 July 2017, surging 9.07% compared with the Sensex's 3% rise. The stock had, however, underperformed the market over the past one quarter, declining 10.66% as against the Sensex's 8.74% rise. The scrip had also underperformed the market over the past one year, sliding 50.18% as against the Sensex's 15.18% rise.

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

Shares of have jumped 11.61% in two 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 yesterday, 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. The stock had gained 2.62% to settle at Rs 345.30 yesterday, 13 July 2017.

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.

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

First Published: Fri, July 14 2017. 12:47 IST