Modernisation needs of large, small, and medium financial institutions are critical factors in a largely tech-driven banking and financial services industry. This would entail a strong spending trajectory, benefiting Intellect Design.
Intellect is on the same margin trajectory as other global peers who are betting on the new-technology adoption theme with a large addressable market in the BFSI sector.
Intellect Design Arena is one company that is unlikely to be touched by the shifts in govt policies. Its key growth driver is the spending in the BFSI segment.
Dolat Capital Market recommended accumulate rating on Intellect Design with a target price of Rs 700 in its research report dated March 25, 2021.
Dolat Capital Market is bullish on Intellect Design has recommended buy rating on the stock with a target price of Rs 435 in its research report dated February 02, 2021.
Dolat Capital Market is bullish on Intellect Design has recommended buy rating on the stock with a target price of Rs 330 in its research report dated October 30, 2020.
Net Sales are expected to increase by 3.5 percent Q-o-Q (up 31.8 percent Y-o-Y) to Rs. 318 crore, according to HDFC Securities.
Of over 300 companies, more than 160 companies saw a surge in FIIs holding in January-March quarter of the previous financial year.
According to Prakash Gaba of prakashgaba.com, Nifty has support at 92000 and resistance at 9245-9261-9414 while Bank Nifty has support at 21500 and resistance at 21750.
Just Dial lost nearly 30 per cent, followed by Wockhardt which dropped 25 percent, Reliance Communication slipped 22 percent, and Tata Elxsi plunged 21 percent in the same period.
Cipla | SBI | Intellect Design | Ahluwalia Contracts | Idea Cellular | SpiceJet | Reliance Industries | ONGC | Cairn India | ICICI Bank | Reliance Infra | Tata Power and DLF are stocks | which are in news today.
The company had decided to demerge its product business into an independent entity and on Friday announced that the products company, Intellect Design Arena, will be listed in coming weeks.