Shares of Ramco Systems jump on signing an agreement with Philippine Airlines

Stock gained over 4 per cent today.

The Philippines’ national flag carrier, Philippine Airlines, Inc. (PAL), has signed an agreement with the global aviation software provider Ramco Systems, to deploy Ramco’s state-of-the-art Aviation Suite V5.9. The solution will replace standalone legacy systems thereby integrating, automating, and enhancing business performances across PAL and its affiliate PAL Express.

Aligned with PAL’s Accelerated Initiatives for Recoveries and Full Optimization through Innovation and Leadership (AIRFOIL) program, Ramco’s on-cloud, the next-gen platform will offer PAL end-to-end optimization of maintenance and engineering business processes that will support regulatory compliance and enable sustainable digital transformation through paperless operations.

Share price movement of Ramco Systems Ltd

Today, the stock opened at Rs 212.60, with a high and low of Rs 224.40 and Rs 212.60. The stock closed trading at Rs 217.40, up by 4.37%.

In the last 6 months, the shares of the company have given -17% returns and on a YTD basis, the stock has given about -13% returns. 

The stock has a 52-week high of Rs 374.45 and a 52-week low of Rs 206.90. The company has a ROCE of -9.87% and an ROE of -11.8% with a market capitalisation of Rs 675 crore.

Company Profile

Ramco Systems is a next-gen enterprise software player disrupting the market with its multi-tenant cloud and mobile-based enterprise software in HR and Global Payroll, ERP and M&EMRO for Aviation.