Ramco Systems Share Price Hits 20% Upper Circuit

Ramco Systems share price hit 20 percent upper circuit on April 10, 2024 after the company signed a multi-million-dollar deal with Korean Air.

Global Aviation software specialist, Ramco Systems announced its strategic engagement with Korean Air, a flag carrier of South Korea and its largest airline. It plans to implement its flagship aviation software, Ramco Aviation Suite at Korean Air’s Engine Maintenance Center. This association was officially announced at MRO Americas 2024, Chicago, Ramco Systems said in a BSE filing.

The implementation of Ramco’s Aviation Software will replace multiple legacy systems to streamline operations across current engine shops and planned expansion sites. With comprehensive MRO-specific functionalities, and integrated e-publications all on a unified platform, offered as an out of the box solution, Ramco Aviation will be
the technological foundation for Korean Air, the release said.

Also read: What is Stock Market?

“In addition, the airline’s engine maintenance center will also benefit from digital enablers such as Mobility via Anywhere Apps, HUBs, Dashboards and other integrations to the ecosystem offerings, powered by Ramco,” the company said.

Ramco Systems is a world-class enterprise software product and platform provider. It has a multi-tenant cloud and mobile-based enterprise software. Ramco’s key differentiator is its innovative approach to develop products through its revolutionary enterprise application assembly and delivery platform.

On the innovation front Ramco is leveraging cutting edge technologies around Artificial Intelligence, Machine Learning, RPA and Blockchain, amongst others, to help organisations embrace digital transformation.

At 2:50 PM, Ramco Systems share price was trading at Rs 340.90 per share on NSE. It was up Rs 56.80 or 20 percent.

Dhanush is an online trading platform powered by Ashika Group which gives a flawless and smooth trading experience. Get solid research analysis, data-driven approach, customer-centric service philosophy, trust-based advice & competitively priced products. Click here for more stock market blogs

Disclaimer: The information provided in this blog post is for informational purposes only and should not be construed as investment or trading advice. The author is not a financial advisor and does not have any professional qualifications in this area. The author does not guarantee the accuracy or completeness of the information provided. Any action you take based on the information in this blog post is done at your own risk. Please consult with a financial advisor before making any investment.