Ramco Systems

Among SmallCaps - Ramco Systems, Goldiam International, Atul Auto, OM Infra, Black Box, Gallantt Ispat, Cochin Shipyard, Refex Industries and EPACK Durable were locked at the 20% upper limit on BSE.

Ramco Systems share price gained up to 5.93 per cent at Rs 429.50 per share on the BSE in Wednesday's intraday deals

Ramco Systems was well-positioned to capitalise on the opportunity as demand for transformation continues to grow and focus remains strong to deliver innovative solutions that drive efficiency and productivity, a top official has said. The focus of the city-based enterprise software product provider, remains strong to deliver innovative solutions that drive efficiency, productivity and competitive advantage for the clients, Chairman P R Venketrama Raja said. "Businesses worldwide are significantly increasing their technology investments. Organisations are prioritising digital transformation initiatives, recognising that their competitive edge and value creation depend on effectively leveraging technology across processes, products, services and customer experiences," Raja said. Ramco Systems was witnessing the beginning of a turnaround with several positive developments across operations. "We have been working tirelessly to strengthen our core operations to seize new growth ...

The company has entered into an agreement with South Korea's largest airline, to implement its flagship aviation software, Ramco Aviation Suite at the airline's Engine Maintenance Center.

Global enterprise software company Ramco Systems has appointed Sundar Subramanian as its chief executive officer, the company said on Tuesday. Prior to taking up the new responsibility, Subramanian was serving leading multinational information technology services and consulting companies. Ramco Systems chairman P R Venketrama Raja said, "...the appointment of Sundar Subramanian as the CEO will bolster our leadership team, bringing in operational excellence, and effective decision-making and creating an environment for collaboration and growth." Subramanian on taking up the new role would lead the organisation and further build Ramco's portfolio of enterprise offerings with renewed focus on execution and growth. "Ramco's key strength is in its IP-rich platform on which the team has developed niche offerings for HR and global payroll, aviation, logistics, and specific industry verticals in ERP. The company's focus on ensuring customer success through automated platform implementation

Ramco's aviation suite will integrate and automate various operations at Skytek, empowering them with a modern solution to support their business growth

Enterprise software player Ramco Systems reported a consolidated net loss at Rs 454.03 million for the fourth quarter ending March 31, 2023, the company said on Wednesday. The city-based firm had reported a consolidated net loss of Rs 264.50 million in the corresponding quarter of the previous year. For the year ending March 31, 2023, the consolidated net loss stood at Rs 2,068.59 million as against Rs 729.30 million registered in the corresponding quarter of the previous year. Total income on a consolidated basis during the quarter under review went up to Rs 1,282.68 million as against Rs 1,252.41 million registered in the corresponding period of last year. For the 2022-2023 financial year, the consolidated total income was Rs 4,977.32 million as against Rs 5,403.77 million registered in the previous year. In a statement, the company said during the just-concluded financial year, the company signed 19 'million-dollar-plus' deals and recorded an increase in cloud-based revenue mix

Stocks to Watch Aban Holdings and Landmak Cars will be debuting on the stock exchanges on Friday. Both these stocks are likely to witness a tepid start to trade.

Stocks to Watch Today: Larsen & Toubro is also likely to see some action on Tuesday as the engineering major is looking to pare stake in its subsidiaries - Nabha Power and Hyderabad Metro.

Last month Ramco Systems had signed a multi-million-dollar agreement with a Global Fortune 500 major to unify and transform its Payroll for 18 countries in Asia Pacific region

The company said it has now added three Fortune 500 brands as clients for Ramco Global Payroll, in Q3 2020

In the past two trading days, the stock has gained 19 per cent from the level of Rs 518 hit on Thursday, December 10.

The stock of the IT consulting & software company was trading at its fresh 52-week high.

The smallcap index hit a fresh 52-week high of 15,379 points in the intra-day trade today.

The stock has zoomed 233 per cent in the last three months

All that happened in the markets today

The stock was locked in the 10 per cent upper circuit band for the fifth straight day, at Rs 146.70 on the National Stock Exchange (NSE).

On June 10, 2020, Vijay Kishanlal Kedia purchased 339,843 shares, representing 1.1 per cent of the total equity of Ramco Systems, at Rs 87.82 per share on the NSE.

Shares of the company were trading at Rs 146.50 apiece up by 3.72 per cent over the previous close in BSE

The tribunal has allowed Ramco System to move before a court of competent jurisdiction for appropriate relief.