WEEKLY PICK- RAMCO SYSTEMS!!

**ABOUT COMPANY**
Ramco Systems, part of the Ramco Group, has delivered enterprise software and services since 1989. Today, Ramco is a global provider with customers in 35 countries. To keep pace with today's customer-driven business environment, companies must re-think their business processes. Enterprise applications now need to adapt to the business.
Ramco delivers solutions that address this with flexible enterprise applications that can be delivered quickly and cost-effectively into complex environments. It also gives companies the agility they need to stay competitive by enabling fast, flexible deployment and change on demand of business applications.


**CLIENTELE**
The company is having a long list of clients it 100,000+ users in 1,000 customer locations across 35 countries. Select customers include:
1) ABB Ltd.
2) Adams (Thailand) Ltd.
3) Amtek Auto Ltd.
4) Columbia Helicopters
5) East India Hotels
6) ICICI Bank
7) JK Cement
8) Lotte India
9) Jeju Air etc.


**SERVICES**
1) APPLICATION MAINTENANCE: Enhances one's existing portfolio with custom applications spanning across technology platforms.

2) INFRASTRUCTURE MAINTENANCE:
Ramco was the first company to provide global ERP-on-demand. They remain the premiere source for all the IT function needs, providing comprehensive, end-to-end infrastructure management services.

3) VALIDATION SERVICES:
From a large-scale transformation initiative to specific point solutions, Ramco offers the businesses end-to-end validation services for enterprise applications, integration technologies, compliance, and web applications.

4) OnDEMAMD SERVICES:
The solution streamlines and integrates multiple functions and systems into one solution and gives total visibility and control of operations

5) BUSINESS PROCESS OUTSOURCING:
Ramco platform-based BPO services span one's enterprise function needs, including finance and accounting; human resource management systems; and procurement and analytics.

**FINANCIALS**
TRIGGERS:
1) June quarter results were pretty good. (See MY TAKE ON QUARTERLY RESULTS BELOW).
2) Technically good. (See TECHNICALS BELOW).

BACKLOGS:
1) Promoters, FIIs and DIIs holding decreased. (However, the number of shares held by the Promoters has remained constant during the period.)

MY TAKE ON QUARTELT RESULTS:
Overall June quarter results were good; both QoQ and YoY.
YoY: Net sales increased 13.86% whereas PBDIT increased 142%. PAT increased by more than  320% and OPM increased by 10.35%.
QoQ: Net sales increased by 6% almost and PBDIT increased by 17.53%. NP increased by 58% and OPM increased by almost 2%.

FUTURE PLANS:
Ramco is planning to Introduce Corebanking Analytics Solution. Ramco targets 5,000 users by March next for ERP service.


**TECHNICALS**
Charts shows a strong support zone around 338-344 levels and a good resistance around 385-394 zones. It broke it's resistance with good volumes (highest volumes in last one month). It corrected almost 45% from its 52-week high and recovered 20% in just few trading sessions! It's currently on a breakout and should continue the rally in near term.


**MY TAKE**
It's a clear buy for next 10-15 trading sessions.


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