Ramco Systems Shares: Ramco Systems Ltd (NSE: RAMCOSYS) share rose more than 6% on September 11. With this, the stock reached its new 52-week high of Rs 460.
This rise came after the news that the company has launched a new version ‘6.0’ of its aviation software.
According to Ramco Systems Ltd, this new software is set to revolutionize the maintenance, repair, and overall (MRO) and maintenance & engineering (M&E) operations of the aviation industry. This version uses AI-based features, which are capable of facing future challenges.
The company stated, “Aviation Software 6.0 is an integrated software solution that has features like contracts engineering planning, maintenance, finance, supply chain management E-PUBS, and advanced mobility. This software has been designed keeping in mind the needs of the future.”
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New Features That Will Make It Special
Several new features have been added to the software that will help digitally transform maintenance operations and better manage flight safety, materials, and commercial aspects.
The most notable feature is the “Engine MRO Module”, which is designed to optimize aviation engine maintenance with great accuracy and efficiency. It was designed to address the needs of engine MRO.
Furthermore, “Another important feature is the Maintenance Control Center (MCC) Hub’ which permits MCC personnel to monitor readiness of the aircraft for future events. This will help better manage the maintenance process.
Another important feature of the program can be found in”the “Aviation Material Requirements Planning (MRP) Module” which is designed to maximize the allocation of resources and schedules.
Ramco Systems Ltd has also introduced an interactive tool for comparing quotes that aid companies in making buying decisions. This tool offers important information that can help users to choose the right solution for their needs.
Ramco Systems Ltd share was trading up nearly 2 percent at Rs 437.95 at 12:20 pm. The stock of the company has risen 46.94% this year, so far.
In the past year, the company has offered an annual return of 52.74 % to its investors, whereas Nifty has recorded a profit of 28 percent over the same time.
Quick Fact
| Company name | Ramco Systems |
|---|---|
| Share rose | 6% (September 11) |
| 52-week high | ₹ 460 |
| New software | Aviation Software 6.0 |
| Main feature | AI-based solutions |
| Industry focus | Aviation MRO and M&E |
| Key module | Engine MRO Module |
| Key benefit | Optimize engine maintenance |
| Additional feature | Maintenance Control Center (MCC) Hub |
| MCC benefit | Monitor aircraft readiness |
| Resource tool | Aviation Material Requirements Planning (MRP) Module |
| MRP benefit | Maximize resource allocation |
| Decision tool | Interactive quote comparison tool |
| Share rise | Over 6% on Sept 11 |
| YTD share increase | 46.94% |
| Last year return | 52.74% |
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