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WHY RAMCO SYSTEMS STOCK INCREASED 91% IN A JUST 5 SESSION : EXPLAINED IN DETAIL ?

The stock was Locked in the 10 percent upper circuit band for the fifth consecutive day, at Rs 146.70 on the NSE.

Portions of Ramco Systems were secured in the 10 percent upper circuit band for the fifth consecutive day, at Rs 146.70 on the National Stock Exchange (NSE) on Tuesday. The stock has flooded more than 90 percent in the previous multi week after speculator Vijay Kedia gained a stake in the organization by means of open market a week ago.

The load of the IT counseling and programming organization has zoomed 91 percent in the previous five exchanging days from a degree of Rs 76.65 on contacted June 9, 2020.

On June 10, 2020, pro speculator Vijay Kishanlal Kedia bought 339,843 offers, speaking to 1.1 percent of the all out value of Ramco Systems, for about Rs 3 crore. He purchased these offers at a normal cost of Rs 87.82 per share through a square arrangement on the NSE, the trade information appears.

The name of dealers was not discovered right away.

Vijay Kedia had nil holding in the organization till the finish of December quarter.

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