Ramco Systems rises on bagging order from Nova Systems

Ramco’s aviation software will provide Nova Systems modules covering aviation manufacturing, maintenance, supply chain management and compliance management.

Ramco Systems Limited informed in the exchange filing that, Ramco Systems has bagged an order from global engineering services and technology solutions company Nova Systems for its aviation software 'Aviation M&E MRO Suite V5.9.' Ramco’s Aviation Software will provide Nova Systems modules covering aviation manufacturing, maintenance, supply chain management and compliance management.

Work order from global engineering services and technology solutions company

The solution’s robust workflow and reporting capabilities will enable Nova Systems to streamline their Part 21J, Part 21G and Part 145 operations, meet their industry-specific requirements for material management and provide them with actionable insights.

Ramco is a next-gen enterprise software player disrupting the market with its multi-tenant cloud and mobile-based enterprise software in HR and Global Payroll, ERP and M&E MRO for Aviation. Part of the USD 1 billion Ramco Group, Ramco Systems focuses on Innovation and Culture to differentiate itself in the marketplace. With 2000+ employees spread across 29 offices, globally, Ramco follows a flat and open culture where employees are encouraged to share knowledge and grow.

Stock Movement of Ramco Systems Ltd

 Today, the stock opened at Rs 235.90, with a high and low of Rs 236.75 and Rs 221.55. The stock closed trading at Rs 235.95, up by 0.64%.

 In the last 6 months, the shares of the company have given about -12.0% returns and on a YTD basis, the stock has given about -7.00% returns.

The stock has a 52-week high of Rs 406 and a 52-week low of Rs 221.55. The company has a ROCE of -9.87% and an ROE of -11.8% with a market capitalisation of Rs 728 crore.