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Ramco Systems zooms 91% in 5 days after investor Vijay Kedia picks 1% stake

The stock was locked in the 10 per cent upper circuit band for the fifth straight day, at Rs 146.70 on the National Stock Exchange (NSE).

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Vijay Kedia had nil holding in the company till the end of December quarter, shareholding pattern data shows.

SI Reporter Mumbai
Shares of Ramco Systems were locked in the 10 per cent upper circuit band for the fifth straight day, at Rs 146.70 on the National Stock Exchange (NSE) on Tuesday. The stock has surged over 90 per cent in the past one week after investor Vijay Kedia acquired a stake in the company via open market last week.

The stock of the IT consulting & software company has zoomed 91 per cent in the past five trading days from a level of Rs 76.65 on touched June 9, 2020.

On June 10, 2020, ace investor Vijay Kishanlal Kedia purchased 339,843 shares, representing