Ramco Systems moves higher after overseas order win

Ramco Systems rose 0.48% to Rs 365 at 14:52 IST on BSE after the company secured an order from Schenker AG for Ramco HCM & Payroll for an aggregate value of about EUR 7.3 million.

The announcement was made during trading hours today, 18 November 2016.

Meanwhile, the BSE Sensex was down 65.17 points, or 0.25%, to 26,162.45

On BSE, so far 4,378 shares were traded in the counter, compared with average daily volume of 3,787 shares in the past one quarter. The stock hit a high of Rs 395.95 so far during the day. The stock hit a 52-week high of Rs 849 on 3 December 2015. The stock hit a 52-week low of Rs 357 in intraday trade today, 18 November 2016. The stock had underperformed the market over the past 30 days till 17 November 2016, sliding 25.37% compared with 6.28% decline in the Sensex. The scrip also underperformed the market in past one quarter, declining 30.37% as against Sensex's 6.59% fall.

The small-cap aviation software provider has equity capital of Rs 30.12 crore. Face value per share is Rs 10.

Ramco Systems reported consolidated net loss of Rs 1.17 crore in Q2 September 2016 as compared with net profit of Rs 5.99 crore in Q2 September 2015. Total income rose 7.38% to Rs 113.69 crore in Q2 September 2016 over in Q2 September 2015.

Ramco Systems is an enterprise software player offering 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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