Ramco’s ERP solution goes-live at AAI Worldwide Logistics

India Infoline News Service | Mumbai | July 25, 2017 14:09 IST

Ramco System announced on Tuesday that the Philippines-based logistics and freight-forwarding giant, AAI Worldwide Logistics Inc. has completed the first phase of the implementation of Ramco Systems’ ERP solution.

Ramco System
Ramco System announced on Tuesday that the Philippines-based logistics and freight-forwarding giant,  AAI Worldwide Logistics Inc. has completed the first phase of the implementation of Ramco Systems’ ERP solution.
 
In the first phase of the go-live, AAI has implemented group-wide centralised systems to digitise financial management and supply chain management functions.
 
In addition, complete Project Cargo modules are live at AAI +PEERS Inc., a member of the Project Cargo Network (PCN) organisation specialising in transportation and handling of Over Dimensional Cargo (ODC) used for engineering, procurement and construction companies across the island. 
 
Ramco ERP for logistics service providers is being implemented across all of AAI’s freight-forwarding & warehousing operations, including those of its new Express Courier unit, Black Arrow Express, thereby consolidating operations for Finance, Project Cargo, and end-to-end Supply Chain Management across seven AAI operating units in the Philippines. 
 
Stock View:
 
Ramco Systems Ltd is currently trading at Rs 427, up by Rs 26.6 or 6.64% from its previous closing of Rs 400.4 on the BSE.
 
The scrip opened at Rs 405.2 and has touched a high and low of Rs 434.65 and Rs 402 respectively. So far 507153(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 1218.62 crore.
 
The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 680 on 02-Aug-2016 and a 52 week low of Rs 286 on 15-Dec-2016. Last one week high and low of the scrip stood at Rs 416.25 and Rs 381.7 respectively.
 
The promoters holding in the company stood at 54.96 % while Institutions and Non-Institutions held 22.62 % and 22.42 % respectively.
 
The stock is currently trading above its 200 DMA.

***Note: This is a NSE Chart

Disclaimer: The contents herein is specifically prepared by ‘Dalal Street Investment Journal’, and is for your information & personal consumption only. India Infoline Limited or Dalal Street Investment Journal do not guarantee the accuracy, correctness, completeness or reliability of information contained herein and shall not be held responsible.

 

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