Shares of Ramco Systems surged by over 6 percent on September 11, reaching a 52-week high of Rs 455 on the National Stock Exchange (NSE).
The stock rally followed the company’s announcement of its latest offering, Aviation Software 6.0, an advanced solution designed to revolutionize maintenance, repair, and overhaul (MRO) as well as maintenance and engineering (M&E) processes in the aviation sector.
The new Aviation Software 6.0 introduces cutting-edge features aimed at enhancing operational efficiency.
According to the company’s statement, the integrated solution includes modules for contracts, engineering, planning, maintenance, supply chain management, finance, and ePUBS, along with advanced mobility capabilities. It is built to tackle the future challenges faced by the aviation industry.
One of the key innovations in the software is the specialized Engine MRO Module, which offers precise and efficient maintenance capabilities, catering to the complex requirements of aviation engine maintenance.
Another significant addition is the Maintenance Control Centre (MCC) Hub, designed to improve operational readiness by allowing MCC personnel to monitor aircraft readiness for upcoming schedules. This feature is expected to streamline maintenance processes and boost overall efficiency.
The software also introduces an Aviation Material Requirements Planning (MRP) Module, aimed at optimizing resource allocation and scheduling.
Additionally, Ramco Systems has incorporated a Graphical Quote Comparison Tool to assist organizations in making more informed purchasing decisions by providing clear insights into available options.
A Purchase Automation Framework has also been introduced, allowing for simplified purchase order management with automation rules that reduce manual intervention and increase accuracy.
Enhanced pricing solutions further streamline billing and invoicing, contributing to smoother financial operations.
At 9:56 am, Ramco Systems shares were trading over 3 percent higher at Rs 443.40 on the NSE. The stock has gained approximately 50 percent this year and 55 percent over the past 12 months, outperforming the Nifty’s 28 percent rise during the same period.
Ramco’s latest software release highlights its commitment to driving innovation in the aviation industry, and investors have responded positively, propelling the stock to new highs.rj*963.