Ramco Systems share price hit upper circuit of 20% in trade today after Mumbai-based investor and trader Vijay Kedia bought 1.1 percent equity stake in the software and services company. Kedia purchased 3,39,843 equity shares of the company at Rs 87.82 per share, according to bulk deals data available on the National Stock Exchange.
Share price of Ramco Systems opened with a gain of 13.6% at Rs 104.40 against previous close of Rs 91.90 on BSE. The stock hit upper circuit of 19.97% at Rs 110.25. Ramco Systems stock has gained 43.93% in two days. Theere were only buyers , no sellers for the stock in early trade.
The microcap share trades higher than 5 day, 20 day and 50 day moving averages but lower than 100 day and 200 day moving averages.
By Aseem Thapliyal