Intellect Design Arena rose 14.31% to Rs 232 at 14:42 IST on BSE after the company said it won a large multimillion dollar deal with a leading bank in Asia.
The announcement was made during trading hours today, 7 August 2018.Meanwhile, the S&P BSE Sensex was up 43.18 points, or 0.11% to 37,735.07.
On the BSE, 6.88 lakh shares were traded in the counter so far compared with average daily volumes of 73,000 shares in the past two weeks. The stock had hit a high of Rs 243.50 so far during the day, which is also 52-week high for the counter. The stock had hit a low of Rs 198.40 so far during the day. The stock hit a 52-week low of Rs 96.50 on 11 August 2017.
Intellect Design Arena has signed a significant multimillion dollar deal with leading bank in Asia market with a strong foothold in Singapore, Malaysia, Indonesia, Thailand and China to implement world's first Integrated Trade Finance and Supply Chain Finance (SCF) Platform. This partnership will help the bank to deliver on their commitment of building lasting relationship with their customers through products and exceptional digital customer experience.
On a consolidated basis, net profit of Intellect Design Arena rose 657.59% to Rs 43.94 crore on 23.92% rise in net sales to Rs 298.85 crore in Q1 June 2018 over Q1 June 2017.
Intellect Design Arena is a global leader in financial technology for banking, insurance and other financial services.
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