Ramco drives up on deal with VST Tractors

DALAL STREET SPIKES

Ramco Systems was up 10.63 per cent to Rs 475, backed by the company's announcement of winning an order from VST Tractors Tillers (VTTL), a Bangalore based manufacturer of power tillers and tractors.

The stock touched an intra-day high of Rs 482.50. Ramco Systems is known for its enterprise resource planning (ERP) software suite. For the quarter ended June, net sales was up 48.83 per cent to Rs 31.27 crore with a lower net loss of Rs 6.03 crore.

The company has centres in the US, Switzerland, Malaysia and Singapore with a branch in UK responsible for marketing and implementing the software developed in India.