Ramco Systems hits 52-week high after getting order from CHI Aviation

Ramco Systems today announced that it had signed an agreement with CHI Aviation for delivering the full suite Ramco Aviation Software.

With this order win, Firm now maintains the largest numbers of civilian version of CH-47s Helicopters (Chinooks).

Ramco Systems is an enterprise software, offering cloud and mobile-based enterprise software in the area of HCM and Global Payroll, ERP and M&E MRO for Aviation.

CHI Aviation is a leading U.S. headquartered helicopter services provider for heavy-lift helicopter services, specializing in support for the construction, HVAC, fire-suppression and defence industries.

Firm's consolidated net profit increased by 380.7 per cent to Rs 14.18 crore. Net sales increased by 4 per cent to Rs 145.25 crore in Q1FY20 against Q1FY19.

Shares of Ramco Systems today hit an upper circuit of 5 per cent at Rs 396.65. In last seven trading sessions, Ramco System has risen by 39 per cent, from its recent low of Rs 283.85 on 10 September 2020. The stock today made new 52-week high of 396.65.