Buzzing stock: Ramco Systems wins an order from Panasonic Aviation Corporation

Ramco Systems has bagged an order from Panasonic Avionics Corporation for its Aviation MRP software. Ramco Aviation suite will help Panasonic Technical services to streamline and integrate its activities in countries with over 2000 users.

Panasonic Avionics Corporation is the world’s leading supplier of inflight entertainment and communication systems.

Last week, it had bagged another order from China Southern Airlines General Aviation Ltd. (CSAGA) for integrating its organisation wide maintenance and engineering operations. Airline Maintenance, Repair and Overhaul (MRO) parts has also awarded an order to Ramco for managing its parts distribution and trading business.

On Thursday, the stock had closed at Rs 403.15. Today it opened at Rs 408.60 and touched Rs 413.95 level in the morning session, an upside of 2.7 percent.

To consider and approve the unaudited financial results for the first quarter of FY18, the Board of Directors will hold a meeting on August 3, 2017.

Ramco systems is a software player providing multi-tenanted cloud and mobile-based enterprise software in the area of HCM and Global payroll, ERP and M&M MRO for aviation. It operates through 22 offices globally.