Ramco Systems hits new high

Ramco Systems which had hit an upper circuit yesterday and a new high at Rs.410.40, has hit another new high today at Rs.428.70, up 3%.

The stock is soaring high since 18^th August. A day later, the company announced that it has secured a 5-year contract from Asia division of Vopak, the world's largest independent tank storage provider. This contract is for integrating a part of its HR functions onto a single platform. No financial details have been mentioned but the market seems pretty happy with this much information too!