 "stock market, fall, divestment, company, firm")
Shares of Intellect Design Arena plunged 18 per cent to Rs 153 on the BSE on Tuesday after the company reported a consolidated net loss of Rs 17 crore in September quarter (Q2FY20), due to lower revenue. The stock was trading at its lowest level since December 2017.
The company, a specialist in applying true digital technologies and a global leader in financial technology across banking and insurance, had posted a net profit of Rs 31 crore in the year-ago quarter. Earlier, in December 2016 quarter, it had posted net loss of Rs 16 crore.
Operational income during
The company, a specialist in applying true digital technologies and a global leader in financial technology across banking and insurance, had posted a net profit of Rs 31 crore in the year-ago quarter. Earlier, in December 2016 quarter, it had posted net loss of Rs 16 crore.
Operational income during
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