June 29, 2021 03:12 PM
Share of Ramco Systems Limited has delivered 447 per cent returns to its shareholders in the last 12 months. The share stood at Rs 114.9 on June 29, 2020. More than 400% return in one year; It has zoomed to Rs 628.90 today, translating into gains of 447 per cent during the period. In comparison, Sensex rose 51 per cent in one year.
Rs 5 lakh invested in Ramco Systems share a year ago would have turned into Rs 27.36 lakh today. The share stands higher than 5 day, 10 day, 20 day, 50 day, 100 day, and 200-day moving averages.
The share rose 5.2 per cent to hit an intraday high of Rs 628.90 today after it announced that it will provide its next-gen Enterprise Resource Planning (ERP) software to Aden Ports Development Company (APDC) at their Aden Container Terminal (ACT), deepening its 12-year partnership with Yemen’s largest container terminal.
“The association between the partners, which began in 2009, will see the upgrade of ACT’s HR, payroll and financial accounting capabilities, modernization and digitisation of existing applications, and introduction of newer technologies and innovations such as Payroll Hub, Accounts Payable/Accounts Receivable hubs, as well as mobile apps, with a sleeker and more comprehensive dashboard,” the company said.
More than 400% return in one year; Virender Aggarwal, CEO, Ramco Systems, said, “We are excited to further our partnership with ACT; it has been over a decade of working together, and we are happy to provide a more comprehensive service to our long-term customer.
As trends such as e-commerce are being pushed to the forefront amidst the COVID-19 pandemic, we are confident that the software will enable ACT to digitally transform their operations, translating into quicker turnarounds at the port.”