Stocks of ramco systems log in the upper circuit band for the second straigt day. The company did wonders on the National stock exchange ,on Thursday. The shares were up 20% at rupees 110.30. this came after investor Vijay Kedia purchase a stake in the company open market.
ramco systems is an IT consulting and software company which has seen an extremely impressive increase of 44% in the past two trading days. The stocks zoomed up from the level of rupees 76.65, on Tuesday, to rupees 110.30.
On March 25 2020, the shares of the IT consulting company hit A 52 week low. At rupees 64.10 the stocks dropped more than 50% as against its 52 week high of rupees 232, recorded on June 11 ,2019.
Vijay kishanlal Kedia bought 339,843 shares for 1.1 % of the total equity of the company amounting to rupees 3 crore on the 10th day of June 2020. These shares were purchased at an average price of rupees 87.82 Persia on the National stock exchange. Till the end of December quarter, Vijay Kedia had no holding in the company. Mr Vijay is the the owner of Kedia securities Private limited. The company holds stakes in small capital companies. Some of its holdings are Everest industries, Sudarshan chemical industries, Atul auto, astec lifesciences and kokuyo camlin and cera sanitaryware.