India's Intellect Design up on order win from Hungary's OTP Bank

Intellect Design Arena

22/05/2023 11:09

** Shares of Intellect Design Arena  INEE.NS  rise as much
as 3.9% to 568 rupees, highest since Sept. 20, 2022
    ** Software co says has deal with Hungary's OTP Bank for its
IDC banking platform 
    ** More than 1.2 mln shares change hands by 03:27 p.m. IST
vs 1.1x 30-day avg of 1.1 mln shares
    ** Two of the 6 analysts covering the stock have a "buy" or
"strong buy" rating, 3 has "hold" while 1 rate it at "sell" or
"strong sell"; median PT is 548 rupees - Refinitiv data
    ** Stock up 22.5% YTD up to last close


 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))