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Home/Basics of Stock Market/Stocks/Market Insights/Ramco Systems’ Share Price Rises After Aviation Software Implementation at Philippine Airlines

Ramco Systems’ Share Price Rises After Aviation Software Implementation at Philippine Airlines

Created February 27, 2025
Author Bhumish Seth
Category Stocks, Market Insights
Reading Time: < 1 minutes

Market Performance

Ramco Systems' stock surged over 6% during morning trading on the BSE on February 27, following the announcement of a business update. The stock opened at ₹296.05, compared to its previous closing price of ₹303.20, and reached an intraday high of ₹322.70. However, by 12:45 PM, it had pared gains and traded at ₹306.

Despite the temporary rise, Ramco Systems' stock has been under pressure recently. It declined by 16% in February, following a 14% drop in January. Over the past year, the stock has recorded a nearly 2% decline. The company hit its 52-week high of ₹522.40 on December 4, while its lowest point in the past year was ₹262.05 on March 28.

Business Update

On February 27, Ramco Systems announced the successful implementation of its aviation software at Philippine Airlines (PAL), specifically for its PAL Express fleet operations. The cloud-based aviation platform has been instrumental in optimizing and digitizing fleet operations for aircraft such as the A321, A320, and Q400.

As the national flag carrier and Asia’s first commercial airline, Philippine Airlines aims to enhance operational efficiency and streamline its airline processes through Ramco's software solutions.

Summary

Ramco Systems' stock experienced a brief surge following announcing its aviation software implementation at Philippine Airlines. The software aims to enhance digital transformation for PAL Express fleet operations. While the stock has shown volatility in recent months, the company continues to expand its technological footprint in the aviation sector.

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