Ramco Systems rose 3.44% to Rs 471.10 at 14:41 IST on BSE, extending Thursday's 4.99% rise triggered by the company and its subsidiaries winning three orders amounting over $5 million.
The announcement was made after market hours on Wednesday, 8 October 2014. Shares of Ramco Systems hit an upper circuit limit of 5% at Rs 455.45 on Thursday, 9 October 2014. The stock has risen 8.60% in two trading sessions from Rs 433.80 on 8 October 2014.
Meanwhile, the BSE Sensex was down 319.03 points, or 1.20%, to 26,318.25.
On BSE, so far 13,000 shares were traded in the counter, compared with an average volume of 11,321 shares in the past one quarter.
The stock hit a high of Rs 478.20 and a low of Rs 452.20 so far during the day. The stock hit a 52-week high of Rs 530.25 on 9 September 2014. The stock hit a 52-week low of Rs 79.34 on 10 October 2013.
The stock had underperformed the market over the past one month till 9 October 2014, falling 9.38% compared with 2.30% fall in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 106.23% as against Sensex's 4.69% rise.
The small-cap company has an equity capital of Rs 24.26 crore. Face value per share is Rs 10.
Ramco Systems had bagged an order, for providing Ramco's Aviation solution and related services, from a leading provider of aerial services headquartered in the UK, for an order value of above $3 million for a period of five years.
The company's subsidiary, Ramco Systems Corporation, USA, had secured an order, for providing Ramco's Aviation Solution and HCM and related services, from a leading provider of aviation solutions in the USA for Government & commercial enterprises globally, for an order value of above $1 million for a period of about five years.
The company's subsidiary, Ramco Systems LLC, Dubai, had got an order from a Fortune 500 company in Dubai, for managing the payroll services for their employees spread across ten countries in the Middle East Region, for an order value of above $1 million for a period of three years.
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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