Buy Intellect Design Arena, target Rs 244: Manas Jaiswal

Manas Jaiswal of manasjaiswal.com has buy a call on Intellect Design Arena Ltd. with a target price of Rs 244. The current market price of Intellect Design Arena Ltd. is Rs 225.85. Time period given by the analyst is Intra Day when Intellect Design Arena Ltd. price can reach the defined target. Manas Jaiswal recommended to keep stoploss at Rs 218. Intellect Design Arena Ltd., incorporated in 2011, is a midcap company with a market cap of Rs 2976.13 crore.

Intellect Design Arena Ltd. key Products/Revenue Segments include Computer Software which contributed Rs 671.48 Crore to Sales Value (99.12 % of Total Sales), Interest which contributed Rs 4.79 Crore to Sales Value (0.70 % of Total Sales) and Dividend which contributed Rs 1.16 Crore to Sales Value (0.17 % of Total Sales)for the year ending 31-Mar-2018.

For the quarter ended 31-12-2018, the company has reported a Consolidated sales of Rs 374.72 Crore, down -1.48 % from last quarter Sales of Rs 380.37 Crore and up 38.44 % from last year same quarter Sales of Rs 270.67 Crore Company has reported net profit after tax of Rs 13.71 Crore in latest quarter. The company’s top management includes Mr.Anil Kumar Verma, Mr.Arun Jain, Mr.Arun Shekhar Aran, Mr.V Balaraman, Ms.Aruna Krishnamurthy Rao. Company has S R Batliboi & Associates LLP as its auditoRs As on 31-12-2018, the company has a total of 131,497,162 shares outstanding.