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The stock of Ramco Systems has turned active in the last few days. While the stock closed a shade weaker on the BSE at Rs 158.95 (Rs 159.30), it ended positive on the NSE at Rs 161.70 (Rs 159.75).

According to market sources, a group of punters are expecting a better financial performance in the forthcoming quarter. The company is scheduled to announce its quarterly numbers on Friday.

Incidentally, Mr P.R. Venketrama Raja, promoter of Ramco Systems, recently bought 4.19 per cent stake in the company from its group company, Rajayapalayam Mills.

However, the company’s financial performance has remained uninspiring, with net losses for the last financial year. With the AGM coinciding with the earnings announcement, expectation of some corporate announcement is also fuelling interest among a section of the market.

K.S. Badri Narayanan

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