Ramco Systems hits 52-week high on IT deal with Malaysia Airlines

The stock was up 5% at Rs 220 on the Bombay Stock Exchange.

Bs_logoImage
SI Reporter Mumbai
Last Updated : Mar 04 2014 | 9:37 AM IST
Ramco Systems is locked in upper circuit of 5% at Rs 220 on the BSE after Malaysia Airlines has announced a strategic partnership with the company for a suite of critical enterprise-wide engineering solutions that includes aircraft maintenance, maintenance service sales, operational, human resources and financial functions.

The Malaysia Airlines deal represents the largest win secured by Ramco. The five-year deal is for a suite of critical enterprise-wide engineering solutions that includes aircraft maintenance, maintenance service sales; operational, human resources and financial functions, Ramco Systems said in a statement.

A combined 3,796 shares have changed hands on the counter and there are pending buy orders for 32,296 shares on the BSE and NSE at 0930 hours.
 
Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Access to Exclusive Premium Stories

  • Over 30 subscriber-only stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Mar 04 2014 | 9:35 AM IST