The shares of Ramco Systems rallied 7.54% on Thursday’s early trades to reach an intraday high of ₹ 224.60 apiece. They were trading at ₹ 218.05 apiece at 02:45 PM on the National Stock Exchange (NSE).
In an exchange filing, the company informed the bourses that it has signed a digital transformation deal to automate and optimize business operations across the Philippine Airlines Group network.
Ramco Systems is a global aviation software provider having multi-tenant cloud and mobile-based enterprise software in HR and Global Payroll, ERP and M&E MRO for Aviation. It is headquartered in Chennai and has more than 1800 employees spread across 24 offices globally.
Philippines’ national flag carrier will be deploying Ramco’s state-of-the-art Aviation Suite V5.9. This solution will replace standalone legacy systems thereby integrating, automating, and enhancing business performances across Philippine Airlines, Inc. (PAL) and its affiliate PAL Express.
Ramco’s Aviation Suite is trusted by more than 24000 users to manage more than 4000 aircrafts globally. With over 90 organizations onboard, Ramco is the solution of choice for top Airlines, 3rd party MROs, large Heli-Operators, leading Defence organizations, and major Urban Air Mobility companies around the world.
Ace investor Vijay Kedia currently holds a 1.4% stake in Ramco Systems. In other words, he holds 444,380 shares worth ~₹ 9.7 crores in Ramco Systems.
Written by Simran Bafna
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
