Ramco bags order from Panasonic Avionics Corporation

India Infoline News Service | Mumbai | July 20, 2017 12:29 IST

Ramco System Limited announced on Thursday that the company has received an order for its Aviation MRO software solutions from Panasonic Avionics Corporation.

Ramco System Limited announced on Thursday that the company has received an order for its Aviation MRO software solutions from Panasonic Avionics Corporation.
 
This order is to be provided to a Fortune 200, a leading aerospace company that designs, manufactures, deploys and supports commercial aviation products for more than 300 Airlines in the world.
 
Ramco Aviation Suite will help Panasonic integrate and simplify Service Program Management, Repair, Line Maintenance, Supply Chain Management, Technical Services, Compliance & Quality, MRO Sales and other activities.
 
Ramco’s Advanced Planning & Optimisation Solution will enable forward inventory planning and execution across the Panasonic Technical Services Network from strategic distribution centres (such as Bothell in Washington, United States and Osaka, Japan) to repair, line maintenance and customer forward stocking locations.
 
Stock View:
Ramco Systems Ltd is currently trading at Rs 401.5, up by Rs 3.25 or 0.82% from its previous closing of Rs 398.25 on the BSE.
 
The scrip opened at Rs 403.15 and has touched a high and low of Rs 410.65 and Rs 394.65 respectively. So far 190963(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 1212.08 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 414.4 and Rs 335.5 respectively.
 
The promoters holding in the company stood at 55.01 % while Institutions and Non-Institutions held 22.59 % and 22.4 % 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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