India's Ramco Systems sees biggest gain in over 5 weeks as unit wins contract

Ramco Systems

02/09/2022 05:41

** Shares of Indian enterprise software provider Ramco
Systems Ltd  RMCS.NS  rise as much as 7% to 313.20 rupees, their
biggest intraday pct gain since July 20
    ** RMCS said on Thursday a unit of Ramco Systems Corp USA
(also a unit of RMCS) was chosen by General Atomics Aeronautical
Systems Inc to use enterprise resource planning
(ERP)maintenance, repair, and operation (MRO) services
 urn:newsml:reuters.com:*:nFWN308179
    ** RMCS shares at highest since July 26
    ** More than 209,000 shares change hands by 0417 GMT vs
30-day avg of 214,001 shares
    ** RMCS shares had tanked 10% in late-July after co reported
that June-quarter loss had widened five-fold  urn:newsml:reuters.com:*:nL4N2Z71VK
    ** Stock down 38.1% so far this year up to last close

 (Reporting by Nandan Mandayam in Bengaluru)
 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))