India's Intellect Design Arena rises on order win

Intellect Design Arena

09/11/2023 08:03

** Shares of Intellect Design Arena  INEE.NS  up as much as
3.18% at 684 rupees 
    ** Software co says bagged deal from one of India's top
banks 
    ** INEE did not disclose bank's name or deal value
    ** Says deal is for eMACH.ai Custody Edge Platform of
IntellectAI, co's wealthTech and insurTech arm 
    ** About 376,604 shares changed hands by 1:14 p.m. IST vs
30-day avg of 400,116 shares  
    ** Mean recommendation of 5 analysts is equivalent to "buy",
median TP is 600 rupees - LSEG data
    ** YTD stock had risen ~50% 

 (Reporting by Hritam Mukherjee in Bengaluru)
 ((Hritam.Mukherjee@thomsonreuters.com;))