Shares of Ramco Systems Ltd. on Monday surged 8.4 per cent after the software and services provider firm said that it has signed large multi-million dollar agreements with multiple companies based in Europe, Asia and America.
At 02:25 pm, the stock was traded at Rs 610.70, high aground 7.5 per cent from its previous close, while the benchmark Sensex was 0.3 per cent up at 46244.81.
Ramco Aviation, Aerospace & Defense unit has bagged an order from European MRO major for delivering it full suite Ramco Aviation Software, according to exchange filing. The company’s ERP business unit won an order from Agrifields DMCC, one of the largest West Asia’s company involved in the trading of fertilisers and other agricultural inputs. Agrifields DMCC will be implementing Ramco ERP Suite including modules for inventory, production, procurement, maintenance with RTI (Real Time Integrator) to plant its operations in Philippines.
The company’s HR & Global Payroll business unit won two orders, one each in Asia and America. It has inked pact with global multinational which has existing Ramco Managed Payroll client across 12 countries for extending its coverage to more than 5,000 additional employees in Japan. While another agreement was signed with a multinational energy major to consolidate its payroll operations across more than 20 countries in Asia, the Middle East and South Africa on the Next-generation Managed Payroll Services.