Ramco Systems rises on pact with a global supply chain firm

Ramco Systems advanced 2.39% to Rs 447.50 at 12:45 IST on BSE after a leading global supply chain solution provider announced a partnership with the company.

The announcement was made during market hours today, 22 February 2018.

Meanwhile, the S&P BSE Sensex was down 112.61 points or 0.33% at 33,732.25. The S&P BSE Small-Cap index fell 0.13%, outperforming the Sensex.

On the BSE, 2,026 shares were traded on the counter so far as against average daily volumes of 12,709 shares in the past one quarter. The stock had hit a high of Rs 449.90 and a low of Rs 435 so far during the day. The stock had hit a 52-week high of Rs 572.90 on 11 January 2018 and a 52-week low of Rs 313.15 on 15 June 2017.

The stock had underperformed the market over the past one month till 21 February 2018, sliding 14.32% compared with the Sensex's 4.69% fall. The stock had, however, outperformed the market over the past one quarter, advancing 5.63% as against the Sensex's 1.09% rise. The scrip had also outperformed the market over the past one year, surging 22.2% as against the Sensex's 17.67% rise.

The small-cap company has equity capital of Rs 30.54 crore. Face value per share is Rs 10.

Today ITOrizon Inc, one of the world's foremost supply chain solution providers, announced its partnership with Ramco Systems, a global enterprise software company focusing on enterprise cloud platform, products and services, to help enterprises make smarter business decisions and drive excellent customer success. This partnership will draw new insights from Ramco directly into the ITOrizon customer success platform.

On a consolidated basis, Ramco Systems' net profit rose 22.4% to Rs 3.77 crore on 10.9% growth in net sales to Rs 125.15 crore in Q3 December 2017 over Q3 December 2016.

Ramco Systems is a fast-growing enterprise software player disrupting the market with its multi-tenant cloud and mobile-based enterprise software in the area of human capital management (HCM) and global payroll, enterprise resource planning (ERP) and M&E MRO for aviation.

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