Ramco Systems gained on Thursday after the company bagged order from Falcon Aviation Services. Falcon Aviation Services is its 65th aviation customer.
Based at Al Bateen Executive Airport, Falcon Aviation Services operates a fleet of corporate jets conducting VIP charter flights, as well as a fleet of helicopters serving the offshore oil and gas industry. The company also conducts search and rescue, aircraft management, maintenance, repair and overhaul (MRO), as well as consulting operations.
As per the agreement, Ramco will be providing its complete engineering, materials management, maintenance, quality, flight operations, and MRO modules along with ERP financials, HR and payroll.
Shares of the company gained Rs 16.9, or 4.99%, to trade at Rs 355.75. The total volume of shares traded was 1,527 at the BSE (12.02 p.m., Thursday).
The scrip has touched an intra-day high of Rs 355.75 and low of Rs 355.75. The total volume of shares traded at the BSE is 1,552.