Ramco Systems gains 3% on multi-million dollar repeat order from LBC Express
Shares of Ramco Systems rose more than 3 percent intraday Wednesday as it has received repeat order from LBC Express.
LBC Express Inc., Philippines has signed a multi-million dollar repeat order with the company to unify and automate its logistics and supply chain operations across its 1300 global branches and 121 warehouses, as per company release.
P R Venketrama Raja, Chairman, Ramco Group said, “Philippines is a highly promising market and is adopting next-generation enterprise technology at a rapid rate.”
“We are glad to have built such a strong track record with providers like LBC Express and look forward to expanding our presence in the fast-growing Southeast Asian region,” he added.
At 12:01 hrs Ramco System was quoting at Rs 416.50, up Rs 2.75, or 0.66 percent on the BSE.
Share gained 21 percent in the last 3 months.
Posted by Rakesh Patil