Ramco Systems is currently trading at Rs. 64.30, up by 5.05 points or 8.52% from its previous closing of Rs. 59.25 on the BSE.
The scrip opened at Rs. 61.25 and has touched a high and low of Rs. 64.45 and Rs. 60.40 respectively. So far 3820 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 129.50 on 05-Jan-2011 and a 52 week low of Rs. 48.80 on 18-Nov-2011.
Last one week high and low of the scrip stood at Rs. 80.70 and Rs. 58.10 respectively. The current market cap of the company is Rs. 91.92 crore.
The promoters holding in the company stood at 60.95% while Institutions and Non-Institutions held 2.19% and 36.86% respectively.
Ramco Systems, software company focused on consulting, products and managed services, is planning to rope in a strategic partner to take its cloud-based products to global markets next year.
The company plans to introduce its products in the US and Asian markets like Singapore for which it will raise funds, which could be nearly 20% of the revenue. The funds will be used for partnerships, brand building, working with research firms and attracting talent abroad.
Ramco Systems, a part of the $952 million Ramco Group, is a leading software company focused on consulting, product and managed services business. Headquartered in Chennai, Ramco Systems was started as an R&D division of Ramco Industries in 1992, and later established as an independent company in 1999. The company focuses on providing innovative business solutions that can be delivered quickly and cost-effectively in complex environments.
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