Ramco Systems Limited is a software products and services provider incorporated in India. Ramco Systems is a provider of Enterprise Resource Planning, Human Capital Management and Aviation Maintenance & Engineering (M&E) & Maintenance Repair & Overhaul (MRO) Software. It is attempting to position the technology company in the global market to challenge established giants like SAP and Oracle with its cloud product, likely at the low end of the market.
Recent News -
- Ramco wins order from Mission Aviation fellowship, Pay Partners Australia.
Why Ramco - Basic Reason
- Strong and Increasing customer base including Dabur, FedEx Express, Rak Bank, Air India etc.
- IoT ( Internet of Things) will further drive cloud adoption
- Strong credit rating by Moody's
- Turnaround in fundamentals of the company - detail mentioned below
Fundamental Reason
- Improved Cash flow from operating activity and increase in investing activities as compared to last 2 financial years
- Revenue improved by approximately 38% as compared with previous financial year.
- Positive and improved gross and net profit margins ( Company had negative margins over the last 3 financial years)
Technical Reasons
- Strong support at Rs 650/-
- Climax in the chart means it can move up any day
Company website - http://www.ramco.com/
Current price - 777/-
Current price - 777/-
Disclosure - I am not a research analyst and expressing opinion only as an individual investor in Indian equities. Readers should consult their financial advisers before any investment.
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