Ramco Systems was locked at 5% upper circuit at Rs 410.40 at 15:09 IST on BSE, with the stock extending Tuesday's 5% rally triggered by the company securing a five-year contract from the Asia division of Vopak for a HR integration system.
Meanwhile, the S&P BSE Sensex was down 99.26 points or 0.38% at 26,321.41.
On BSE, so far 18,000 shares were traded in the counter as against average daily volume of 18,774 shares in the past one quarter.
The stock's current price of Rs 410.40 is also its 52-week high for the counter. The stock hit a low of Rs 391 so far in the day. The stock had hit a 52-week low of Rs 67.55 on 4 July 2013.
The stock had outperformed the market over the past one month till 19 August 2014, surging 62.87% compared with Sensex's 3.04% rise. The scrip had also outperformed the market in past one quarter, jumping 127% as against Sensex's 8.45% rise.
The small-cap company has equity capital of Rs 15.92 crore. Face value per share is Rs 10.
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Shares of Ramco Systems have rallied 10.23% in two trading sessions from Rs 372.30 on 18 August 2014, after the company during market hours on Tuesday, 19 August 2014, said it has secured a five-year contract from the Asia division of Vopak for a HR integration system. The stock surged by the maximum permissible level of 5% to settle at Rs 390.90 on Tuesday, 19 August 2014.
Ramco Systems said it has secured a five-year contract from the Asia division of Vopak, the world's largest independent tank storage provider, to integrate a part of its regional Human Resource functions into a single platform. Ramco will offer its HRO (Human Resource Outsourcing) services on top of Ramco's HCM (Human Capital Management) product which is being used by leading multinationals globally.
Vopak, headquartered in the Netherlands, operates 79 terminals in 29 countries, with the Asia division accounting for 26 terminals in 10 countries.
Ramco Systems reported a consolidated net loss of Rs 2.87 crore in Q1 June 2014, lower than net loss of Rs 9.34 crore in Q1 June 2013. Net sales rose 29.5% to Rs 76.82 crore in Q1 June 2014 over Q1 June 2013.
Ramco Systems provides next-generation, end-to-end enterprise solutions that render complete transformation of the business in real time.
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