Ramco Systems locks into an upper circuit post order win

Ramco Systems locks into an upper circuit post order win

Anthony Fernandes
/ Categories: Trending, DSIJ News

The shares of Ramco Systems touched a new 52-week high of Rs 493.10 and were locked in the upper circuit on Tuesday after the company announced that it has bagged an order from Toll Logistics, one of Asia Pacific’s leading integrated logistics service providers with operations in road, rail, sea, air & warehousing.

Toll Logistics has chosen Ramco Logistics ERP to transform the complete supply chain operations of its chemicals business division in Australia and New Zealand. In addition, Ramco Logistics will also be rolled out as a unified out-of-the-box ERP across its new businesses in Asia.

Ramco Systems won new orders worth US$ 21.3 million in Q1FY21, taking the unexecuted order book to US$ 164 million. Order intake improved materially after a brief freeze in March 2020, although sales continued to remain largely digital-led only.

Ramco Systems Limited (Ramco) is a holding company engaged in computer programming, consultancy, and related activities.

The stock of Ramco Systems was locked at its upper circuit of 5 per cent after which, the trading was suspended at Rs 493.10 per share, up by 4.99 per cent or Rs 23.45 per share. The stock’s 52-week high is Rs 493.10 and the 52-week low is Rs 64.10 on BSE.

Previous Article Bulls dominate Sensex & Nifty; Thyrocare Technologies gains by 15 per cent, Ramco Systems locks at upper circuit
Next Article SEBI making riskometer ‘true to its label
Rate this article:
3.9

DALAL STREET INVESTMENT JOURNAL - DEMOCRATIZING WEALTH CREATION

Principal Officer: Mr. Shashikant Singh,
Email: principalofficer@dsij.in
Tel: (+91)-20-66663800

Compliance Officer: Mr. Rajesh Padode
Email: complianceofficer@dsij.in
Tel: (+91)-20-66663800

Grievance Officer: Mr. Rajesh Padode
Email: service@dsij.in
Tel: (+91)-20-66663800

Corresponding SEBI regional/local office address- SEBI Bhavan BKC, Plot No.C4-A, 'G' Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra.
Tel: +91-22-26449000 / 40459000 | Fax : +91-22-26449019-22 / 40459019-22 | E-mail : sebi@sebi.gov.in | Toll Free Investor Helpline: 1800 22 7575 | SEBI SCORES | SMARTODR