Ramco Systems shares jump 6% to hit 52-week high after new aviation software launch; check details

Ramco Systems shares opened higher nearly 6% at ₹455 per share, reaching its fresh 52-week high level on the NSE, following the announcement. The stock later pared some of its early gains to close 1.01% higher at ₹433.85 apiece.

Ramco shares have surged around 77% from the 52-week low of ₹248.40 per share hit on October 26, 2023.

Ramco Systems, a global aviation software specialist, has launched the 6.0 version of its aviation software for smarter aircraft management.

Ramco Systems said in a stock exchange filing that the product release has been designed to transform M&E and MRO operations with AI-driven insights, advanced automation, and seamless integration.

The new software is built to handle future challenges as it has integrated modules for Contracts, Engineering, Planning, Maintenance, Supply Chain Management, Finance, ePUBS and advanced mobility capabilities, as mentioned.

Ramco Systems said the 6.0 version introduces many features that enable airlines to digitally transform their maintenance execution processes and their management of flight safety, materials, and commercials.

Sundar Subramanian, Chief Executive Officer, Ramco Systems mentioned that the specialized Engine MRO solution is a key part of this release, addressing the critical challenges of engine maintenance. The modules of the new software include Maintenance Control Centre (MCC) Hub, Aviation Material Requirements Planning (MRP), Purchase Automation Framework and Enhanced Pricing Solutions.

Ramco Systems last month had announced bagging a multi-year deal from the Canadian federal government for its Aviation Software.

The new software's modules include Maintenance Control Centre (MCC) Hub, Aviation Material Requirements Planning (MRP), Purchase Automation Framework, and Enhanced Pricing Solutions.

The aviation software will provide a fully integrated solution for rotary & fixed-wing fleets at bases across Canada in support of multiple Canadian Government departments.