Buy Intellect Design Arena, target price Rs 722: HDFC Securities

HDFC Securities has buy call on Intellect Design Arena with a target price of Rs 722. The current market price of Intellect Design Arena is Rs 671.95. Time period given by analyst is Intra Day when Intellect Design Arena Ltd. price can reach defined target.

Intellect Design Arena Ltd., incorporated in the year 2011, is a Small Cap company (having a market cap of Rs 9055.55 Crore) operating in IT Software sector.

Intellect Design Arena Ltd. key Products/Revenue Segments include Computer Software for the year ending 31-Mar-2021.



Financials
For the quarter ended 31-03-2022, the company reported a Consolidated Total Income of Rs 522.69 Crore, up .69 % from last quarter Total Income of Rs 519.09 Crore and up 30.55 % from last year same quarter Total Income of Rs 400.38 Crore. Company reported net profit after tax of Rs 82.31 Crore in latest quarter.

Investment Rationale
Stock has shifted into a consolidation phase. Further upmove could be seen as a decisive upside breakout

Promoter/FII Holdings
Promoters held 30.86 per cent stake in the company as of 31-Mar-2022, while FIIs owned 25.42 per cent, DIIs 2.6 per cent.