The long-term fund based facilities amounting Rs 25 crore has been reaffirmed with A-, short term fund based facilities amounting Rs 42 crore has been reaffirmed A2+, while the short term non-fund based facilities amounting Rs 25.50 crore has been reaffirmed with A2+.
The company's long term/short term unallocated facilities amounting Rs 43 crore has been reaffirmed with A- (stable)/A2+, it said in a regulatory filing.
Ramco Systems is engaged in computer programming, consultancy and related activities, and hosting and related activities. The company offers software solutions and services.
Ramco Systems Ltd is currently trading at Rs 340, up by Rs 3.15 or 0.94% from its previous closing of Rs 336.85 on the BSE.
The scrip opened at Rs 340 and has touched a high and low of Rs 340 and Rs 340 respectively. So far 272(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 1025.2 crore.
The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 706 on 11-Jul-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 349 and Rs 324.3 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 below its 200 DMA.
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