Ramco Systems is locked in upper circuit of 10% for second day in a row at Rs 93 on reports that the company has bagged a deal to deploy its enterprise resource and planning (ERP) solution at Vassallo Industries in Puerto Rico.
The stock has rallied 32% in past three trading sessions on BSE. A combined 8,012 shares have changed hands on the counter and there are pending buy orders for 4,834 shares on BSE and NSE.
Meanwhile, the mid-cap IT consulting and software company said it is in process of coming out with a rights issue to meet its capital requirements and has undertaken steps towards the same, Ramco Systems said in a statement while making clarification on takeover buzz.
The Hind Business Line report on July 9, reports that the company is in the radar of a top-three Indian software company for acquisition.
The stock has rallied 32% in past three trading sessions on BSE. A combined 8,012 shares have changed hands on the counter and there are pending buy orders for 4,834 shares on BSE and NSE.
Meanwhile, the mid-cap IT consulting and software company said it is in process of coming out with a rights issue to meet its capital requirements and has undertaken steps towards the same, Ramco Systems said in a statement while making clarification on takeover buzz.
The Hind Business Line report on July 9, reports that the company is in the radar of a top-three Indian software company for acquisition.
