Introduction:
Leading software provider has partnered with Hanjin Information Systems & Telecommunication to help Korean aviation organizations digitally transform their M&E and MRO operations, enhancing efficiency and streamlining processes with next-gen software solutions.
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Share price movement of Ramco Systems:
On December 6, 2024, Ramco Systems Ltd. opened at ₹497.00, up 4.05% from its previous close of ₹477.00. The stock reached a high of ₹517.00 (8.39%) and a low of ₹494.60. By 10:41 AM, it traded at ₹496.30, with a market cap of ₹1,853.58 crore.
Ramco partners for aviation transformation:
Ramco Systems has partnered with Hanjin Information Systems & Telecommunication (HIST), a subsidiary of Hanjin Group, Korea, to assist Korean aviation organizations in digitally transforming their M&E and MRO operations.
The collaboration will streamline processes and optimize the supply chain for aviation companies in Korea. By utilizing Ramco’s next-gen aviation maintenance software, the partnership aims to enhance efficiency in engine maintenance management.
This partnership brings together Ramco’s Aviation 6.0 Software and HIST’s IT consulting expertise. HIST’s advisory and software implementation capabilities will complement this transformation.
The first project under this partnership is the implementation of Ramco Aviation Software 6.0 at Korean Air, South Korea’s national carrier. This marks a significant step in revolutionizing aviation maintenance operations and setting a new benchmark for the industry in Korea.
Recent news on Ramco Systems:
As of November 12, 2024, Sundar Subramanian, CEO of Ramco Systems, announced his resignation effective from January 3, 2025. The board has appointed Abinav Raja, currently the Whole Time Director, as the new Managing Director.
Ace investor holding in Ramco Systems:
Ravikumar Ramkishore Sanwalka
Ravikumar Ramkishore Sanwalka holds 1.44% of Ramco Systems Ltd., owning 535,000 shares valued at ₹26.6 crore. This significant stake showcases his confidence in the company’s growth and performance in the tech sector.
Stock performance of Ramco Systems for Period of 1 week, 6 months and 1 year:
Ramco Systems Ltd. has shown impressive performance, with a 14% return over the past week, 48.2% over six months, and a remarkable 67.4% return over the past year, reflecting strong growth and investor confidence.
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Shareholding pattern of Ramco Systems:
| All values in % | Sep 2024 | Jun 2024 | Mar 2024 |
| Promoter | 53.40% | 51.80% | 51.90% |
| FII | 9.70% | 10.00% | 10.10% |
| DII | 5.70% | 5.90% | 5.90% |
| Public | 31.30% | 32.30% | 32.10% |
About Ramco Systems:
Ramco Systems Ltd (NSE: RAMCOSYS) is a leading enterprise software provider, driving innovation with its cloud-based platforms. With 25+ years of experience, it serves 1000+ clients globally, utilizing AI, ML, RPA, and blockchain for digital transformation across industries.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
