Ramco Systems surges 12% on bagging multi-million dollar order

India Infoline News Service | Mumbai | October 24, 2017 11:59 IST

The BFSI major will derive benefits of a unified payroll processing system which will effectively and efficiently handle operations of 8500+ employees across Asia.

Ramco System
Ramco Systems was up by 12% in afternoon trade after the company announced that it had won a Multi-million dollar Payroll Transformation order from one of the FTSE 100 constituent and British Multinational Banking & Financial Services company.

According to an official release, with Ramco’s Global Payroll platform, the BFSI major will derive benefits of a unified payroll processing system which will effectively and efficiently handle operations of 8500+ employees across Asia covering Vietnam, Brunei, Bangladesh, Sri Lanka & Nepal; and the Middle East covering Iraq, Bahrain, Oman, Qatar, Saudi Arabia, Egypt, Lebanon, Jordan and UAE in Phase 1.

Ramco Systems, a leading enterprise software company focusing on enterprise cloud platform, products and services, stated that it will enable the BFSI major in consolidating its multi-country Payroll on a unified platform. 

Ramco Systems Ltd is currently trading at Rs 417, up by Rs 44.5 or 12% from its previous closing of Rs 372.5 on the BSE. The stock is currently trading above its 50 DMA.

***Note: This is a NSE Chart

 

Advertisements

  • Save upto Rs.2.67 lakh with Pradhan Mantri Awas Yojana ...Know more
  • Now Save Rs.3150 on your Demat Account ...Click here
  • Now get IIFL Personal Loan in just 8* hours...APPLY NOW!
  • Get the most detailed result analysis on the web - Real Fast!
  • Actionable & Award-Winning Research on 500 Listed Indian Companies.