India's Intellect Design Arena up on deal with Indian Bank

Indian Bank

11/12/2023 05:43

** Shares of Intellect Design Arena  INEE.NS  rise as much
as 4.6% to 782.8 rupees, highest since May 6, 2022
    ** Stock logs largest intraday pct climb since Sept. 16
    ** Co says it partnered with Indian Bank  INBA.NS  to deploy
cash management system for the bank
    ** More than 600,000 shares change hands as of 11:03 a.m.
IST, 26.7X the 30-day moving average; stock's third-busiest day
so far this month
    ** Mean rating of five analysts is "buy"; median PT is 640
rupees - LSEG data
    ** Stock last up 4.1%, taking YTD gain to 74.6%
    ** Stock on track for busiest year since 2016

 (Reporting by Varun Vyas in Bengaluru)
 ((varunvyas.hebbalalu@thomsonreuters.com))