Up 1,262% in a year, this IT stock has now scaled fresh record high

Intellect Design Arena today announced that it has bagged a large deal from Concentra Bank to power its exciting new digital banking strategy.

Shares of Intellect Design Arena surged 7 per cent to hit a new high of Rs 745 on the BSE in intra-day trade on Wednesday after the company announced that it has bagged a large deal from Concentra Bank to power its new digital banking strategy. In past one year, the stock zoomed 1,262 per cent from the level of Rs 54.70, as compared to a 68 per cent rally in the S&P BSE Sensex.

Concentra Bank has selected Intellect’s cloud-native, digital banking platform to power its exciting new digital banking strategy. Concentra’s vision is to become the leading mid-market digital