India's Intellect Design up on Q2 profit rise

Intellect Design Arena

30/10/2023 06:41

** Shares of software co Intellect Design Arena  INEE.NS 
rise as much as 5.1% at 677 rupees
    ** Co reports a 53.9% YoY rise in Sept-qtr consol PAT; rev
from ops up 17.4% YoY
    ** Over 700,000 shares change hands by 12:06 p.m. IST, 1.7x
30-day moving avg
    ** Three of the five analysts covering the stock have a
"buy" or "strong buy" rating, one rates it as "hold", while one
recommends "sell"; median PT is 585.50 rupees - LSEG data
    ** Stock currently up 4.4%, pushing YTD gains to 50.8%


 (Reporting by Navamya Ganesh Acharya in Bengaluru)
 ((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))