Ramco Systems share price is currently trading at Rs 399, up by Rs 25.85 or 6 per cent from its previous closing of Rs 373.15 on the NSE. The scrip opened at Rs 376.25 and has touched a high and low of Rs 406.65 and Rs 376.25 respectively. So far 4,09,524 shares were traded on the counter with a traded value of Rs. 1,620.86 lacs.
Ramco Systems is all set to lend a helping hand to Matrix, which is a multi-disciplinary entity and a supplier of flavors related to Food and Beverages. It will provide enterprise resource planning (ERP) solutions which is going to automate Matrix's sales, production, HR and administration functions.
The software provider will provide ERP solution to Matrix’s three legal entities, which are into manufacturing of oleo chemicals, food ingredients and bleaching earth. The stock of the company, has gained on the news.
Five mutual fund houses have invested in the stock of the company amongst which HDFC Mutual Fund is the top fund house, which has invested 7.4 per cent of the equity capital in the stock.
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