Ramco Systems jumps over 8% in two sessions

Ramco Systems rose 2.33% to Rs 946 at 14:59 IST on BSE, extending yesterday's 6.14% rise triggered by the company signing a multi-million dollar tech transformation deal with Cobham Aviation Services.

The announcement was made before trading hours yesterday, 14 July 2015. Shares of Ramco Systems rose 6.14% to Rs 924.50 on that day. The stock had risen 8.47% in the preceding two trading sessions from Rs 871 on 13 July 2015.

Meanwhile, the BSE Sensex was up 260.85 points, or 0.93%, to 28,193.75.

On BSE, so far 18,000 shares were traded in the counter, compared with an average volume of 14,810 shares in the past one quarter.

The stock hit a high of Rs 961 and a low of Rs 757.50 so far during the day. The stock hit a record high of Rs 1,014 on 3 July 2015. The stock hit a 52-week low of Rs 218.05 on 15 July 2014.

The stock had outperformed the market over the past one month till 14 July 2015, rising 47.74% compared with 5.71% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 33.02% as against Sensex's 3.83% fall.

The small-cap company has an equity capital of Rs 29.65 crore. Face value per share is Rs 10.

Ramco Systems announced the signing of a multi-year global mandate with Cobham Aviation Services, aviation solution specialist to defence, government and commercial customers, to implement a company-wide engineering transformation programme.

Cobham Aviation Services will implement the Ramco Aviation suite to benefit from best practice business processes for engineering, logistics and airworthiness management of its 140+ fleet around the world. Ramco Aviation suite will replace multiple legacy systems to deliver one integrated and unified view of engineering operations to Cobham Aviation Services, worldwide.

On a consolidated basis, Ramco Systems' net profit rose 935.7% to Rs 4.35 crore on 34.4% growth in total income to Rs 101.94 crore in Q4 March 2015 over Q4 March 2014.

Ramco Systems is a leading Maintenance & Engineering (M&E) and MRO software provider to Global Aerospace and Defence industry.

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