Fintech platform Intellect Design Arena has gained after reporting a steady set of numbers for the December quarter and entering into a collaboration with Amazon Web Services

The brokerage revises its revenue forecasts for FY23/24E by -3%/-5% and EBITDA margins by +50/-90 bps due to lower growth in licenses/SaaS business.

The investor held 50,95,490 equity shares or 1.97% stake In the company as of Q3. This marks an increase in stake by 0.63% as Agarwal held 1.34% stake in the September quarter.Around 3 pm, the stock traded with gains to the tune of over 2% at Rs 71.75 per share on the NSE. While, on the BSE, it hit the days high of Rs 72.05 apiece.

The one smallcap stock that stole the heart of most of the fund houses was Bikaji Foods. The top 4 funds bought shares of the company worth more than Rs 100 crore in November, according to the data compiled by Systematix Shares & Stocks.

While ICICI Bank has said it will focus on supply chain finance for future growth, Axis Bank has onboarded technology providers to offer AI (artificial intelligence)-powered supply chain solutions.

Hem Securities is bullish on Intellect Design Arena has recommended buy rating on the stock with a target price of Rs 524 in its research report dated November 28, 2022.

ICICI Direct recommended hold rating on Intellect Design Arena with a target price of Rs 525 in its research report dated October 30, 2022.

Sharekhan recommended Hold rating on Intellect Design Arena with a target price of Rs 560 in its research report dated October 28, 2022.

In an interview with CNBC-TV18, managing director Arun Jain said high inflation in the European market had hit the company slowing down decision-making

Intellect Design Arena Ltd., incorporated in the year 2011, is a Small Cap company (having a market cap of Rs 5969.48 Crore) operating in IT Software sector.

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ICICI Direct is bullish on Intellect Design Arena has recommended buy rating on the stock with a target price of Rs 740 in its research report dated August 01, 2022.

Sharekhan is bullish on Intellect Design Arena has recommended buy rating on the stock with a target price of Rs 780 in its research report dated July 28, 2022.

Shares of ABM Knowledgeware (Rs 1.25 per share), MRF (Rs 144 per share), Praj Industries (Rs 2.7 per share), Hawkins Cookers (Rs 60 per share) and TCI Express (Rs 2 per share) had announced final dividend. The stocks went ex-dividend on Wednesday.

Shares of Hindustan Foods, Ontic Finserve, Rajnish Wellness and Shanti Educational Initiatives will go ex-split today. Hindustan Foods and Rajnish Wellness had announced the splitting of shares into face value of Re 2 from the face value of Rs 10 while Ontic Finserve and Shanti Educational Initiatives had announced the splitting of shares into face value of Re 1 from the face value of Rs 10.

Intellect Design Arena Ltd., incorporated in the year 2011, is a Small Cap company (having a market cap of Rs 8446.69 Crore) operating in IT Software sector.

MFs held 1 lakh Maharashtra Scooters shares worth Rs 48 crore at the end of April. They held Rs 62 crore worth 2 lakh shares in the company at the end of May.In PCBL, MF increased holding to 1.03 crore shares from 81 lakh shares. They owned PCBL shares worth Rs 109 crore at May-end against Rs 90 crore a month ago.

Intellect Design Arena Ltd., incorporated in the year 2011, is a Small Cap company (having a market cap of Rs 8983.57 Crore) operating in IT Software sector.

Hem Securities is bullish on Intellect Design Arena has recommended buy rating on the stock with a target price of Rs 768 in its research report dated June 06, 2022.

Intellect Design Arena Ltd., incorporated in the year 2011, is a Small Cap company (having a market cap of Rs 9055.55 Crore) operating in IT Software sector.

On average, IT stocks have fallen 30% from their yearly highs due to worries about a recession in the US, sell-off on the Nasdaq, steep valuations after the recent run-up and the impact of wage inflation on their operating profitability

Anand Rathi is bullish on Intellect Design Arena has recommended buy rating on the stock with a target price of Rs 850 in its research report dated May 18, 2022.

Stocks which were in focus include names like Hindalco which closed with gains of over 9 per cent, Vedanta rallied nearly 12 per cent, and Intellect Design Arena closed with gains of over 10 per cent.

ICICI Direct is bullish on Intellect Design Arena has recommended buy rating on the stock with a target price of Rs 810 in its research report dated May 09, 2022.

Intellect Design Arena Ltd., incorporated in the year 2011, is a Small Cap company (having a market cap of Rs 8955.31 Crore) operating in IT Software sector.

"We designed Intellect to achieve 20% revenue growth YoY. Last year, we achieved 25% growth. Though this year macroeconomic parameters are very different, our endeavour will be to keep the designed growth charter. We are progressively moving our products to platforms consisting of multiple products. The average deal size from platform deals is increasing YoY. "