Ramco Systems zooms 44% in 2 days as investor Vijay Kedia buys stake in Co

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 Ramco Systems were locked in the upper circuit band for the second straight day, up 20 per cent at Rs 110.30 on the National Stock Exchange (NSE) on Thursday, after investor Vijay Kedia acquired a stake in the company via open market on Wednesday.

The stock of IT consulting & software company has zoomed 44 per cent in the past two trading days from the level of Rs 76.65 on Tuesday.

Till 09.21 am, a combined 681,819 equity shares changed hands and there were pending buy orders for a combined 380,089 shares on the NSE and BSE.

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