Ramco Systems hits 52-week high on order win
The stock rallied 13% to Rs 706 on BSE.
 "Ramco Systems hits 52-week high on order win")
Ramco Systems has soared 13% to Rs 706 after the information technology (IT) company announced the addition of state-owned Southern Vitetnam Helicopter Company (VNHS), a leading helicopter service provider in South East Asia as its customer.
“VNHS will be implementing Ramco Aviation Series 5 to manage operations and maintain its growing fleet of aircraft. This includes integration of operations such as maintenance, repair and overhaul (MRO), supply chain management and maintenance and engineering (M&E), into a single platform,” Ramco Systems said in a statement.
The stock opened at Rs 625 and touched a 52-week high of Rs 719 on BSE. The trading volumes on the counter nearly doubled with 154,106 shares changed hands till 1342 hours on BSE and NSE.
“VNHS will be implementing Ramco Aviation Series 5 to manage operations and maintain its growing fleet of aircraft. This includes integration of operations such as maintenance, repair and overhaul (MRO), supply chain management and maintenance and engineering (M&E), into a single platform,” Ramco Systems said in a statement.
The stock opened at Rs 625 and touched a 52-week high of Rs 719 on BSE. The trading volumes on the counter nearly doubled with 154,106 shares changed hands till 1342 hours on BSE and NSE.