Ramco Systems rose 12.06% to Rs 976 at 9:40 IST on BSE after the company said it signed a multi-million dollar tech transformation deal with Cobham Aviation Services.
The announcement was made before trading hours today, 14 July 2015.
Meanwhile, the BSE Sensex was down 58.04 points, or 0.21%, to 27,903.15.
On BSE, so far 21,000 shares were traded in the counter, compared with an average volume of 14,229 shares in the past one quarter.
The stock hit a high of Rs 982 and a low of Rs 926 so far during the day. The stock hit a record high of Rs 1,014 on 3 July 2015. The stock hit a 52-week low of Rs 213 on 14 July 2014.
The stock had outperformed the market over the past one month till 13 July 2015, rising 39.19% compared with 5.81% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 25.32% as against Sensex's 3.73% fall.
The small-cap company has an equity capital of Rs 29.65 crore. Face value per share is Rs 10.
Ramco Systems announced the signing of a multi-year global mandate with Cobham Aviation Services, aviation solution specialist to defence, government and commercial customers, to implement a company-wide engineering transformation programme.
Cobham Aviation Services will implement the Ramco Aviation suite to benefit from best practice business processes for engineering, logistics and airworthiness management of its 140+ fleet around the world. Ramco Aviation suite will replace multiple legacy systems to deliver one integrated and unified view of engineering operations to Cobham Aviation Services, worldwide.
On a consolidated basis, Ramco Systems' net profit rose 935.7% to Rs 4.35 crore on 34.4% growth in total income to Rs 101.94 crore in Q4 March 2015 over Q4 March 2014.
Ramco Systems is a leading Maintenance & Engineering (M&E) and MRO software provider to Global Aerospace and Defence industry.
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