Intellect Design Arena rose 3.04% to Rs 244 at 10:34 IST on BSE after the insurance software division of the company announced the launch of its Digital Distribution Suite for the UK Life and Pension markets.
The announcement was made after market hours yesterday, 18 November 2015.
Meanwhile, the S&P BSE Sensex was up 218.18 points or 0.86% at 25,700.70
On BSE, so far 1.31 lakh shares were traded in the counter as against average daily volume of 5.09 lakh shares in the past one quarter.
The stock hit a high of Rs 246.20 and a low of Rs 239.50 so far during the day. The stock had hit a 52-week low of Rs 69 on 18 December 2014. The stock had hit a 52-week high of Rs 279.15 on 3 November 2015.
The stock had outperformed the market over the past one month till 18 November 2015, rising 10.53% compared with 6.36% fall in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 21.28% as against Sensex's 8.44% decline.
The small-cap company has equity capital of Rs 50.30 crore. Face value per share is Rs 5.
Intellect SEEC, the insurance software division of Intellect Design Arena yesterday, 18 November 2015 announced the launch of its Digital Distribution Suite for the UK Life and Pension markets. The Digital Distribution suite is designed to strengthen the customer relationship throughout all touch points of the sales and service process, delivering consistent, high quality customer experience irrespective of channel or device, Intellect Design Arena said.
On a consolidated basis, Intellect Design Arena reported net loss of Rs 7.95 crore in Q2 September 2015, lower than net loss of Rs 27.09 crore in Q2 September 2014. Total income rose 38.9% to Rs 211.42 crore in Q2 September 2015 over Q2 September 2014.
Intellect Design Arena is a Polaris group company - a global leader in Financial Technology for Banking, Insurance and other Financial Services. A uniquely focused products business, Intellect addresses the needs of financial institutions in varying stages of technology adoption.
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