Buy Intellect Design Arena; target of Rs 740: ICICI Direct

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ICICI Direct's research report on Intellect Design Arena

Intellect Design Arena (Intellect) provides software products to retail, corporate banking, insurance & treasury. The company is a transition from a product company to a platform company • Intellect generates 55% of revenues from developed markets and rest from emerging markets • Recently, it saw a turnaround in margins (from 5% in FY20 to 25.1% in FY22).

Outlook

We maintain BUY rating on the stock. We value Intellect at Rs 740 i.e. 23x P/E on FY24E.

For all recommendations report, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Intellect Design Arena -010822 -icici