Ramco Systems hits 52-week high on securing deal from Malaysia Airlines

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Ramco Systems hits 52-week high on securing deal from Malaysia Airlines
Shares of IT services provider Ramco Systems jumped 5 per cent and locked in upper circuit in early trade on Bombay Stock Exchange (BSE) after it announced that the company has entered into a strategic partnership with Malaysia Airlines for a suite of critical enterprise-wide engineering solutions.

As per the deal, Ramco will offer engineering solutions that includes aircraft maintenance, maintenance service sales, operational, human resources and financial functions.

Buoyed by development, shares of company rallied as much as 4.98 per cent and touched 52-week high to trade at Rs 220.25 a piece on the BSE.

In a similar fashion, shares of the company advanced 4.99 per cent to Rs 218.85 a piece on National Stock Exchange.

Meanwhile, the broader benchmark Sensex was quoting at 20,981.44, up 34.79 points or 0.17 per cent at 10:00 hours.

Dion Global Solutions Ltd.

Story first published: Tuesday, March 4, 2014, 12:54 [IST]
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