Ramco Systems gains after inking pact with GAINSystems

Ramco Systems rose 1.92% to Rs 768.25 at 14:55 IST on BSE after the company announced entering into a strategic partnership with GAINSystems, Inc.

The announcement was made during trading hours today, 19 November 2015.

Meanwhile, the BSE Sensex was up 320.61 points, or 1.26%, to 25,803.13

On BSE, so far 5,559 shares were traded in the counter, compared with an average volume of 10,990 shares in the past one quarter.

The stock hit a high of Rs 778 and a low of Rs 755.50 so far during the day. The stock hit a record high of Rs 1,113 on 5 August 2015. The stock hit a 52-week low of Rs 415.10 on 19 November 2014.

The stock had outperformed the market over the past one month till 18 November 2015, falling 3.12% compared with 6.36% fall in the Sensex. The scrip, however, underperformed the market in past one quarter, declining 20.66% as against Sensex's 8.44% decline.

The small-cap company has an equity capital of Rs 29.84 crore. Face value per share is Rs 10.

Ramco Systems and GAINSystems, Inc., today, 19 November 2015 announced entering into a strategic partnership to offer their world-class, fully-embedded and integrated solution to the aviation industry. Through this partnership Ramco will embed GAINSystems' Supply Chain Planning and Inventory Optimization solution to its aviation offering, and offer it to both its new and existing customers of aviation series 5.

GAINSystems, Inc. is a leader in Supply Chain Planning and Inventory optimization solutions.

On a consolidated basis, Ramco Systems' net profit surged 213.6% to Rs 9.91 crore on 23.3% rise in total income to Rs 107.75 crore in Q2 September 2015 over Q2 September 2014.

Ramco Systems provides next generation, end-to-end enterprise solutions that render complete transformation of the business in real time. The company offers ERP, EAM, Fleet Management, HCM, CRM, Financials, Service Management, Process Control, Project Management and Analytics to multiple verticals on the most appropriate cloud modelpublic, private and community.

Powered by Capital Market - Live News