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Buy Intellect Design Arena; target of Rs 810: ICICI Direct

ICICI Direct is bullish on Intellect Design Arena has recommended buy rating on the stock with a target price of Rs 810 in its research report dated May 09, 2022.

May 12, 2022 / 04:06 PM IST
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ICICI Direct's research report on Intellect Design Arena

Intellect Design Arena (Intellect) provides software products to retail, corporate banking, insurance & treasury. The company is a transition from a product company to a platform company • Intellect generates 55% of revenues from developed markets and rest from emerging markets • Recently, it saw a turnaround in margins (from 5% in FY20 to 25.1% in FY22).


We maintain BUY rating on the stock. We value Intellect at Rs 810 i.e. 20x P/E on FY24E.

For all recommendations report, click here


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first published: May 12, 2022 04:06 pm
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