Ram Informatics bags orders; Stock at 52-week-low
Hyderabad-based, Ram Informatics Limited has received orders from Saptagiri Grameena Bank and Pallavan Grameena Bank (Sponsored by Indian Bank) for SmartBanker Software for 25 New Branches for an undisclosed amount.
The market experts believe that it will bring greater strengths and revenues to the company.
Ram Informatics offers various software and education and training services primarily in India and North America. The company provides software products and services for government, banking, insurance, and retail businesses.
The company stock was down despite securing a contract. In today’s session, it has made 52-week-low of Rs 11.00. The stock closed today at Rs 11.30 on BSE, down 5% compared to previous close of Rs 11.90.