Stocks to Watch, Mar 4: Stocks like CEAT, Xchanging Solutions, UCO Bank, Onix Solar Energy, REC, Newjaisa Technologies, Anlon Technology Solutions, Sunteck Realty, Wendt India, Dr Agarwals Eye Hospital, and Nukleus Office Solutions will be in focus on March 4.
While global competitors focus on offering SaaS solutions to BFSI clients, Intellect Design stands out with differentiated offerings that are challenging to replicate in the short term
The launch of an AI platform, 12 deal wins in Q2FY25, and a growing global footprint are among the winning factors
Last week, the company shared a presentation with analysts and institutional investors on its new Enterprise AI platform called Purple Fabric, which is tailored for the financial and insurance sectors.
Reliance Industries, Yes Bank, Bank of Baroda, Macrotech Developers, Intellect Design Arena, Praj Industries, Texmaco Rail, Balkrishna Industries, Torrent Pharma, CreditAccess Grameen, and Aegis Logistics will also be in focus on October 28.
Sharekhan recommended hold rating on Intellect Design Arena with a target price of Rs 1050 in its research report dated July 26, 2024.
Sharekhan recommended hold rating on Intellect Design Arena with a target price of Rs 990 in its research report dated May 09, 2024.
Three new platforms launched to cover procurement and accounts payable solutions for large corporations and governments
Intellect Design Arena Ltd is a cloud-native fintech company for banks, insurance, wealth, capital markets, procurement and accounts payable.
A rise in the platform business and deal wins put Intellect in a sweet spot to grow revenue at a double-digit rate and achieve margins, like global players which enjoy over 30 percent operating margins.
Given the current chart structure, a consolidation phase is expected in the Nifty 50.
A drop below 21,700 might trigger panic in the Nifty 50. Conversely, a decisive move above 22,125 could spark a smart rally in the market.
Sharekhan is bullish on Intellect Design Arena has recommended buy rating on the stock with a target price of Rs 1050 in its research report dated January 25, 2024.