Ramco dips on shift to daily settlement

DALAL STREET SPIKES

The stock plunged 6.5 per cent on Tuesday to Rs 209.35, after touching a high of Rs 226. Over 66,000 shares changed hands on the BSE. The stock has gained 29 per cent in the past year.

The fall has been attributed to the stock's transfer to the trade-to-trade segment from August 25. Moreover, the company posted a lower net loss of Rs 3.82 crore in Q4 FY06, compared with a net loss of Rs 30.03 crore in the corresponding previous quarter. Total income during the period, increased from Rs 34.9 crore to Rs 35.17 crore.

The company, through its global partner Sabre Airline Solutions, has recently signed contracts with JeJu Air (South Korea) and the US-based Air Methods Corp.