Intellect Design Arena Ltd up by 7.40 percent | Espresso

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Espresso shot of the day – Intellect Design Arena Ltd up by 7.40 percent

November 10, 2021
Espresso shot of the day – Intellect Design Arena Ltd up by 7.40 percent

INTELLECT DESIGN ARENA LTD 750.00  (+7.40%) BSE – INE306R01017 | 10TH NOVEMBER 2021

Intellect Design Arena creates financial technologies that help banks lead businesses on the path to growth and success. Their solutions help move the banking world forward; because that’s what happens when the world knows it has financial institutions they can rely on. This is the philosophy that they, at Intellect follow, and it is their commitment to their customers’ success. Their commitment is to take banking into the future, anticipating and solving the needs of tomorrow’s businesses. They know this because the long-term matters. But, there’s more to them and to their story.

Recent Drivers

  • On Nov 2, 2021, the company reported net sales of Rs 313.27 crores in Sep 2021.
  • On Nov 2, 2021, the company reported net profit of Rs 56.21 crores in Sep 2021.
  • On Nov 2, 2021, Kuwait-headquartered Boubyan Bank signed a major transformative deal with Intellect Global Transaction Banking (iGTB).
  • On Nov 1, 2021, the company plans to set up an Alternative Investment Fund (AIF) for Rs 100 crores to further pursue its transition from a product company to a fintech platform-based company.
  • On Sep 18, 2021, the company announced that it has entered a strategic partnership with Resurs Bank, a leader in retail finance in the Nordic region.
(Sources: MoneyControl, Business Standard, Business Line)


Technical Force*

  • S&P BSE 500 month till date gain up by 2.86%
  • 3 months avg. NSE volume: 3,36,762
  • Quantity traded: 92,389 | Deliverable quantity: 43,183 (46.74%)
  • Stock price jumped by more than 230 % from one-year low level: 230 (Nov 10, 2020)
  • Daily RSI (14) is near Overbought territory today
  • 52-week-high: 892 | 52-week-low: 230


Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

701.67

515.98

415.37

229.68

129.07

-

-

    -

Fibonacci Pivot

515.98

406.62

339.05

295.53

229.68

163.83

120.32

52.75

-


Today’s Close

750

SMA

BSE

10 DAY

691.47

20 DAY

687.75

50 DAY

678.46

200 DAY

651.06


Some Key Ratios (Source: BSE)

Market Cap: 10,062.52 crores

PE: 43.13

OPM%: 30.13

ROE%: 17.42

Promoters holding%: 30.96

Prev. Close: 697.60


Chart And Technical Force data taken from the Binge desktop app.

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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.