Ramco Systems hits 52-week high on IT deal with Malaysia Airlines

The stock was up 5% at Rs 220 on the Bombay Stock Exchange.

Ramco Systems is locked in upper circuit of 5% at Rs 220 on the BSE after Malaysia Airlines has announced a strategic partnership with the company for a suite of critical enterprise-wide engineering solutions that includes aircraft maintenance, maintenance service sales, operational, human resources and financial functions.

The Malaysia Airlines deal represents the largest win secured by Ramco. The five-year deal is for a suite of critical enterprise-wide engineering solutions that includes aircraft maintenance, maintenance service sales; operational, human resources and financial functions, Ramco Systems said in a statement.

A combined 3,796 shares have changed hands on the counter and there are pending buy orders for 32,296 shares on the BSE and NSE at 0930 hours.