Hot Pursuit     16-Mar-21
Intellect Design Arena adds over 34% in six days
Intellect Design Arena surged 18.61% to Rs 618.95, extending gains for the sixth day.
On the BSE, 4.19 lakh shares of the company were traded in the counter so far, which is 9.98 times jump as compared to the average trading volume of 42,238 shares in the past three months.

The stock has added 34.51% in six sessions from its recent closing low of Rs 460.15 on 5 March 2021. In the past one year, the stock has zoomed 797.59% while the benchmark Sensex has added 60.80% during the same period.

On the technical front, the stock's RSI (relative strength index) stood at 83.888. The RSI oscillates between zero and 100. Traditionally, the RSI is considered overbought when above 70 and oversold when below 30.

The stock was trading above its 50-day, 100-day and 200-day daily simple moving average (SMA) placed at 402.99, 337.72 and 251.65, respectively.

Intellect Design Arena, a specialist in applying true digital technologies, is the a full spectrum banking and insurance technology products company, across global consumer banking, central banking, global transaction banking (iGTB), risk, treasury and markets, and insurance.

The company reported a consolidated net profit of Rs 80.37 crore in Q3 FY21 compared with net loss of Rs 11.38 crore in Q3 FY20. Net sales during the quarter rose 19.63% YoY to Rs 382.19 crore.

Previous News
  Intellect's consumer banking unit launches eMACH.ai Digital Engagement Platform
 ( Corporate News - 05-Jun-24   18:23 )
  Intellect Design ties up with InsureMO for underwriting, policy admin tech
 ( Hot Pursuit - 12-Dec-22   13:24 )
  IntellectAI's Wealth Qube wins 'Best WealthTech Solution – Overall'
 ( Corporate News - 14-Mar-24   13:48 )
  Intellect Design Arena Ltd leads losers in 'A' group
 ( Hot Pursuit - 31-Oct-22   15:00 )
  IntellectAI partners with InsureMO®
 ( Corporate News - 12-Dec-22   13:23 )
  Intellect Global Consumer Banking partners with Mineral Development Bank
 ( Corporate News - 25-Jul-22   10:45 )
  Intellect Design Arena fixes record date for final dividend
 ( Market Beat - Reports 20-Jun-22   19:36 )
  Intellect Design Arena consolidated net profit rises 35.92% in the June 2023 quarter
 ( Results - Announcements 27-Jul-23   17:08 )
  WealthForce.AI wins award at the 11th WealthBriefingAsia Awards 2023
 ( Corporate News - 02-Jun-23   13:19 )
  Intellect Design Arena consolidated net profit declines 6.73% in the June 2022 quarter
 ( Results - Announcements 28-Jul-22   17:17 )
  Volumes spurt at Intellect Design Arena Ltd counter
 ( Hot Pursuit - 31-Oct-22   14:30 )
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