Ramco Systems secures aviation deal, shares zoom
Ramco Systems shares soared 6% to Rs 295.75 against the last close of Rs 279 on BSE. The market cap of the company increased to Rs 1033.61 crore on BSE.
Shares of Ramco Systems Ltd climbed 6% today after the company said it would enforce its next-gen Aviation Suite V5.9 at AI Engineering Services Limited (AIESL). AIESL is the biggest DGCA-approved MRO in India that can act as a one-stop-shop for all engineering needs at major Airports with pan India imprints, i.e. Delhi, Mumbai, Hyderabad, Thiruvananthapuram, Kolkata, Nagpur etc.
Afterwards, international enterprise aviation software supplier shares soared 6% to Rs 295.75 against the last close of Rs 279 on BSE. The market cap of the company increased to Rs 1033.61 crore on BSE. Ramco share even touched an intraday low of Rs 275, its opening level on BSE.
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The share of Ramco has earned 6.62% in a year and climbed 15.67% in 2023. A total of 0.33 lakh company shares changed hands, amounting to a turnover of Rs 93.74 lakh on BSE.
Regarding technicals, the share’s relative strength index (RSI) was at 56.6, signalling the stock is neither oversold nor overbought. Ramco Systems has a one-year beta of 0.9, meaning high volatility. Ramco Systems stock is trading more elevated than the averages of 5-day, 10-day, 20-day, 50-day, 100-day, and 200-day moving.
