Ramco shares dip 10 percent
Bangalore: Ramco Systems ended the trading as one of the top losers with a loss of 
12.45 (10 percent). The stock of Ramco opened at 1.55 down to its previous close of 124. The stock tried to regain the growth in the afternoon trade, but failed to do so and ended the trading at 112.10. The stock touched 52-week high of 136.65 and low of 40. In all, 32,746 shares were traded throughout the day with a current P/E ratio at 26.13. The stock chart for 52-week is given on left.
Ramco Systems is an India-based company. The company is engaged in development of software products, which are marketed by the company and its subsidiaries. Its Ramco OnDemand ERP is the full fledged enterprise resource planning (ERP) offered on software. Ramco Enterprise Series is a pre-packaged solution suite catering to various industry segments, such as power, engineering product manufacturing, storage solutions, armed forces, food and beverages, process production, real estate, telecom infrastructure, transportation management, fleet operators, repair and overhaul service providers. Ramco Decision Works (RDW) is a web architecture solution for performance management, conformance management and information management.
In the first quarter (Q1) ended on September 30, 2009, the company posted a global net profit of 72.65 lakh compared to the loss of 1112 crore that it reported in the corresponding quarter of 2008. Its net sales stood at 43.37 crore in Q1 of 2009-10, a YoY (year over year) growth of 8.7 percent over its revenue of 39.87 crore in Q1 of 2008-09.
Other software companies have ended the day in green zone. Softpro Systems surged 0.88 percent, Zensar Technologies moved up five percent, Advanced Micronic Devices gained 4.63 percent and Wipro grew 1.88 percent.
12.45 (10 percent). The stock of Ramco opened at 1.55 down to its previous close of 124. The stock tried to regain the growth in the afternoon trade, but failed to do so and ended the trading at 112.10. The stock touched 52-week high of 136.65 and low of 40. In all, 32,746 shares were traded throughout the day with a current P/E ratio at 26.13. The stock chart for 52-week is given on left.
Ramco Systems is an India-based company. The company is engaged in development of software products, which are marketed by the company and its subsidiaries. Its Ramco OnDemand ERP is the full fledged enterprise resource planning (ERP) offered on software. Ramco Enterprise Series is a pre-packaged solution suite catering to various industry segments, such as power, engineering product manufacturing, storage solutions, armed forces, food and beverages, process production, real estate, telecom infrastructure, transportation management, fleet operators, repair and overhaul service providers. Ramco Decision Works (RDW) is a web architecture solution for performance management, conformance management and information management.
In the first quarter (Q1) ended on September 30, 2009, the company posted a global net profit of 72.65 lakh compared to the loss of 1112 crore that it reported in the corresponding quarter of 2008. Its net sales stood at 43.37 crore in Q1 of 2009-10, a YoY (year over year) growth of 8.7 percent over its revenue of 39.87 crore in Q1 of 2008-09.
Other software companies have ended the day in green zone. Softpro Systems surged 0.88 percent, Zensar Technologies moved up five percent, Advanced Micronic Devices gained 4.63 percent and Wipro grew 1.88 percent.