The Economic Times daily newspaper is available online now.

    Buy Intellect Design Arena, target price Rs 678: HDFC Securities

    Synopsis

    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.

    BuyThinkStock Photos
    Promoters held 30.86 per cent stake in the company as of 31-Mar-2022, while FIIs owned 25.42 per cent, DIIs 2.6 per cent.
    HDFC Securities has buy call on Intellect Design Arena with a target price of Rs 678. The current market price of Intellect Design Arena is Rs 627.9. Time period given by analyst is Intra Day when Intellect Design Arena Ltd. price can reach defined target.

    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.

    Intellect Design Arena Ltd. key Products/Revenue Segments include Computer Software for the year ending 31-Mar-2021.


    Financials
    For the quarter ended 31-03-2022, the company reported a Consolidated Total Income of Rs 522.69 Crore, up .69 % from last quarter Total Income of Rs 519.09 Crore and up 30.55 % from last year same quarter Total Income of Rs 400.38 Crore. Company reported net profit after tax of Rs 82.31 Crore in latest quarter.

    Investment Rationale
    Facing crucial resistance at 640 and a decisive upside breakout could open sharp upside ahead.

    Promoter/FII Holdings
    Promoters held 30.86 per cent stake in the company as of 31-Mar-2022, while FIIs owned 25.42 per cent, DIIs 2.6 per cent.



    (Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.
    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more


    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
    The Economic Times

    Stories you might be interested in