Ramco Systems jumps on planning to implement flagship aviation software ‘Ramco Aviation M&E MRO Suite’

21 Dec 2020 Evaluate

Ramco Systems is currently trading at Rs. 591.70, up by 7.65 points or 1.31% from its previous closing of Rs. 584.05 on the BSE.

The scrip opened at Rs. 584.05 and has touched a high and low of Rs. 607.00 and Rs. 573.75 respectively. So far 21745 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 620.00 on 15-Dec-2020 and a 52 week low of Rs. 64.10 on 21-May-2020.

Last one week high and low of the scrip stood at Rs. 620.00 and Rs. 569.75 respectively. The current market cap of the company is Rs. 1814.36 crore.

The promoters holding in the company stood at 54.70%, while Institutions and Non-Institutions held 9.63% and 35.67% respectively.

Ramco Systems is planning to implement its flagship aviation software, Ramco Aviation M&E MRO Suite for Iberia Maintenance (Iberia MRO), one of Europe’s leading MRO service providers in IAG Group. Ramco Aviation Software will replace multiple systems to unify operations across Airframe Maintenance, Engine Shops, Component Shops & Supply Chain. In addition, Iberia Maintenance would also benefit from digital enablers such as Mobility via AnywhereApps, HUBs, Artificial Intelligence (AI), Dashboards and integration to ecosystem offerings powered by Ramco.

The technology transformation program will enable Iberia Maintenance to future-proof its business growth while offering simplified user experience driving better user adoption, increase process automation and selfservice, among others.

Ramco Systems is a fast-growing enterprise software player disrupting the market with its multi-tenant cloud and mobile-based enterprise software in HCM and Global Payroll, ERP and M&E MRO for Aviation.

Ramco Systems Share Price

435.10 5.40 (1.26%)
24-Dec-2024 16:59 View Price Chart
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