Ramco Systems freezes at 5% upper circuit on order win from logistics major

The stock of the IT consulting & software company was trading at its fresh 52-week high.

Shares of Ramco Systems were locked in the upper circuit limit of 5 per cent at Rs 426 on the BSE on Wednesday after the company said it has signed up an agreement with a "Global top 5 logistics major" for modernising and transforming its multi-country Payroll operations on the company’s global payroll platform.

"The logistics major will be unifying its payroll operations for 15 countries across the Middle East & Africa. With this win, Ramco Global Payroll is now trusted by two of the top 10 third party logistics companies, globally," the company said in an exchange