This IT company provides services to many types of financial companies including banks, insurance companies, mutual funds. It has 240 customers in 91 countries of the world.
New Delhi:
Shares of smallcap IT company Intellect Design Arena have made investors rich. In one year, this stock has made investors’ money more than 10 times. This means that if you had invested Rs 1 lakh in this stock at the beginning of June last year, today your money would have become around Rs 10 lakh.
Last year on June 3, the share price of Intellect Design Arena was Rs 77.05. The company’s stock closed at Rs 755.40 on June 2 (Wednesday) this year. This company provides financial technology services. Its clients include banks, insurance and financial companies.
company has over 240 clients in 91 countries. The company’s performance in the last five years has been excellent. Its revenue has grown by 16% annually. In comparison, the industry’s average revenue growth has been 9.73 per cent annually. This shows that the company’s performance is better than other IT companies.
Intellect Design’s fourth quarter results for the financial year 2020-21 have been good. During this period, the company’s consolidated net profit grew by 96.7 per cent to Rs 80.61 crore. The company’s net profit in the same period of the financial year 2019-20 was Rs 40.99 crore. During this period, net sales also grew by 11 per cent on a year-on-year basis to Rs 397.50 crore.
the company’s consolidated profit stood at Rs 262.77 crore in the last financial year. In the financial year 2019-20, the company had earned a profit of Rs 15.99 crore. Brokerage firm Sharekhan has advised investors to buy shares of Intellect Designs. It has given its share target price as Rs 900. This means that you can get 20% profit by investing in this stock.
