Ramco Systems hits 52-week high on IT deal with Malaysia Airlines
The stock was up 5% at Rs 220 on the Bombay Stock Exchange.
Ramco Systems is locked in upper circuit of 5% at Rs 220 on the BSE after Malaysia Airlines has announced a strategic partnership with the company for a suite of critical enterprise-wide engineering solutions that includes aircraft maintenance, maintenance service sales, operational, human resources and financial functions.
The Malaysia Airlines deal represents the largest win secured by Ramco. The five-year deal is for a suite of critical enterprise-wide engineering solutions that includes aircraft maintenance, maintenance service sales; operational, human resources and financial functions, Ramco Systems said in a statement.
A combined 3,796 shares have changed hands on the counter and there are pending buy orders for 32,296 shares on the BSE and NSE at 0930 hours.
The Malaysia Airlines deal represents the largest win secured by Ramco. The five-year deal is for a suite of critical enterprise-wide engineering solutions that includes aircraft maintenance, maintenance service sales; operational, human resources and financial functions, Ramco Systems said in a statement.
A combined 3,796 shares have changed hands on the counter and there are pending buy orders for 32,296 shares on the BSE and NSE at 0930 hours.