Ramco Systems, an enterprise software company, witnessed a sharp rise in share price on Tuesday after the company  today announced the signing of a multi-year global mandate with Cobham Aviation Services, aviation solution specialist to defence, government and commercial customers. The company will implement a company-wide engineering transformation programme.

Shares of the company are trading at Rs 948, up Rs 77, or 8.84% at the Bombay Stock Exchange (BSE) on Tuesday at 9:20 a.m.

Total volume of shares traded on the bourses today was higher by 721.42% to 23,486 compared with 22-day average volume of 2,859.

The scrip has touched an intra-day high of Rs 976.75 and low of Rs 926.00. The total volume of shares traded at the BSE is 9,171.