Why Ramco Systems Stock Has Surged 463% Since July

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Why Ramco Systems Stock Has Surged 463% Since July
Credit: © Reuters.

By Aditya Raghunath

Investing.com -- Ramco Systems Ltd (NS: RMCS ), a software and services provider in India, has bagged a number of orders in the last six months to boost its stock price from Rs 107.05 on July 1 to Rs 605.9 on December 23. That’s an increase of over 463% in this period.

Ramco won a five-year, multi-million dollar contract from Europe’s Iberia Maintenance which is a leading MRO (maintenance, repair, and overhaul) provider in Europe.

Ramco’s ERP (enterprise resource planning ) unit announced a deal with Agrifields DMCC, one of the largest fertilizer traders in West Asia. In a statement, the company said, “Ramco ERP, meanwhile, signed an agreement with Agrifields DMCC….., for implementing Ramco ERP Suite including modules for inventory, procurement, production, maintenance, along with real-time integration to plant operations via RTI (Real-Time Integrator) for its operations in Philippines.”

Ramco HR and Global Payroll have signed two agreements, one in Asia and one in America. The company said that an existing multinational across 12 countries has extended Ramco Managed Payroll coverage to 5,000-plus employees in Japan. The second agreement is with an energy sector multinational to consolidate payroll operations in 20+ countries across Asia, the Middle East, and South Africa.

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    list of clients they lost... no one sees
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    Operators control this stock price.
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      how
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  • KAPIL SHAH @KAPIL SHAH
    Highly Manupilated stock
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    The Real Cause behind the rise is Elliot Wave....
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    foolishness performance and useless systems, rubbish
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