Ramco Systems shares jump 6%, hit 52-week high on Aviation Software 6.0 launch

The new software is designed to revolutionize maintenance, repair, and overhaul (MRO) operations, as well as maintenance and engineering (M&E) processes, through advanced technology and AI-driven capabilities.

The company highlighted that Ramco Aviation Software 6.0 integrates various modules such as contracts, engineering, planning, maintenance, supply chain management, finance, ePUBS, and mobility solutions, addressing future challenges in the aviation sector.

Notable new features include a specialised Engine MRO Module, aimed at optimizing engine maintenance processes, and a Maintenance Control Centre (MCC) Hub, designed to streamline aircraft readiness assessments. Additional features include the Aviation Material Requirements Planning (MRP) Module, Graphical Quote Comparison Tool, Purchase Automation Framework, and Enhanced Pricing Solutions.

Sundar Subramanian, CEO of Ramco Systems, said, “Along with the advanced capabilities, our specialized Engine MRO solution is a key part of this release, addressing the critical challenges of engine maintenance. By harnessing advanced technology and our domain expertise Ramco Aviation Software 6.0 will enable aviation organizations to meet their growing customer demands and stay competitive.”

At 10:54 am, the scrip was trading 2.6% higher at Rs 440.9 on BSE. Over the past three months, the stock has surged 35%, and 55% over the past year.As per Trendlyne data, the average target price of the stock is Rs 450, which shows an upside of 2% from the current market prices. The consensus recommendation from one analyst for the stock is a ‘Strong Buy’.On the technical front, the company’s relative strength index (RSI) stands at 60.5, suggesting the stock is neither overbought nor oversold. Ramco Systems is currently trading above its 5-day, 10-day, 20-day, 30-day, 50-day, 100-day, 150-day, and 200-day simple moving averages (SMAs).

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