Top gainer of the day: This small-cap software company soared 20 per cent today; heres why!

The stock is leading the A group on the BSE.

This summer the heat is on as the stocks are rocketing sky high amid earnings season! Ramco Systems has been no exception. The stock has hit the upper circuit of 20 per cent from its previous close of Rs 224.35. The trading is halted at Rs 269.20. The high-spirited bullish trend was driven by its robust order book.   

The company’s COO Sandesh Bilagi has expressed his views on the current financial year performance. The company has set an ambitious goal of achieving USD 100 million (approx. Rs 780 crore) from its previous year’s order book of USD 65 million. The goal is so close to the current market cap of the company which is at Rs 829.56 crore. The order book took a blow in the previous fiscal mainly due to covid, which is expected to normalise in the current fiscal. The expectations have driven the bullish trend in the scrip.   

Started as an R&D division of Ramco Industries Ltd in 1992, Ramco Systems was later established as an independent company in 1997. The company focuses on providing innovative business solutions that can be delivered quickly and cost-effectively in complex environments. Ramco is a fast-growing enterprise software player disrupting the market with its multi-tenanted cloud and mobile-based enterprise software in the area of HCM and Global Payroll, ERP and M&E MRO for Aviation. 

The scrip has a 52-week high and low of Rs 686.00 and Rs 221.55, respectively.