New Delhi, June 29. There are more than one stock in the stock market. On one hand banks and post offices are reducing their interest rates, on the other hand the stock market is giving great returns. The Sensex has doubled as compared to March 2020. While some stocks have given manifold returns. There is one such stock, which has made investors millionaires in just one year. Let us know the name of this stock and whether one can invest in it further.
The name of this stock is Intellect Design Arena.
The name of this company that makes millionaires in 1 year is Intellect Design Arena. It is a small cap IT company, in which the investors have made huge profits. This stock has made investors’ money more than 10 times in 1 year. In such a situation, if you would have invested Rs 10 lakh in this stock in June last year i.e. a year ago, then its value has become Rs 1 crore. Even if an investor would have invested Rs 1 lakh in this stock, now its value is Rs 10 lakh. If not more than only Rs 10,000 would have been invested, then its value has also become Rs 1 lakh.
Know what is the share price of Intellect Design Arena
The share price of Intellect Design Arena as on 3 June 2020 was Rs 77.05. This year, on June 2, 2021, the share rate of the company closed at Rs 755.40. Thus Intellect Design Arena’s share rate has increased nearly 10 times in a single year. This company provides financial technology services to its clients. Intellect Design Arena’s clients include banks, insurance companies as well as financial sector companies.
Know the highest and lowest rates for one year of Intellect Design Arena
Intellect Design Arena stock is listed and traded on NSE and BSE. While the lowest level of this stock is at Rs 73.80 in NSE, the highest level is Rs 848.50. On the BSE, this stock has made its lowest level of Rs 73.70 in one year, while the highest level has been made at Rs 847.95. The face value of this share is Rs 5.
Know the business of Intellect Design Arena
Intellect Design Arena has over 240 customers in 91 countries. Intellect Design Arena’s financial performance over the past 5 years has been phenomenal. The company’s revenue is registering a growth of 16 per cent annually. At the same time, the average growth of industry income is only 9.73 percent annually. From this it can be estimated that it is performing better than other IT companies.
Know Intellect Design Arena’s latest financial results
Intellect Design Arena’s consolidated net profit grew 96.7 per cent to Rs 80.61 crore in the fourth quarter of FY 2020-21. The company’s net profit in the same period of the financial year 2019-20 was Rs 40.99 crore. Net sales have also grown by 11 per cent year-on-year to Rs 397.50 crore during this period. In the last financial year, Intellect Design Arena’s consolidated profit was Rs 262.77 crore.
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