India's Intellect Design up most in over 2 years on Q1 profit rise

Intellect Design Arena

28/07/2023 06:24

** Shares of Intellect Design Arena  INEE.NS  up as much as
15.5% at 666.80 rupees, biggest intraday pct climb since May 6,
2021
    ** Fintech posts ~36% YoY rise in June qtr consol net
profit; rev from ops up ~18% YoY
    ** Over 8.3 mln shares change hands by 10:49 a.m. IST, 9.4x
the 30-day moving avg 
    ** Two of the five analysts covering the stock have a "buy"
or "strong buy" rating, two have "hold", while one recommends
"sell"; median PT is 548 rupees - Refinitiv data
    ** As of last close, stock up ~29% so far this year 


 (Reporting by Kashish Tandon in Bengaluru)
 ((Kashish.tandon@thomsonreuters.com))