Intellect Design Arena Ltd.

BSE: 538835 | NSE: INTELLECT
Small Cap | IT - Software
1053.00
28.45 (2.78%)
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Intellect Design Arena gains on launching Intellect Digital Core for Cooperative Banks

Date: 22-05-2024

Intellect Design Arena is currently trading at Rs. 897.50, up by 2.60 points or 0.29% from its previous closing of Rs. 894.90 on the BSE.

The scrip opened at Rs. 910.70 and has touched a high and low of Rs. 910.70 and Rs. 889.70 respectively. So far 6364 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1198.80 on 15-Mar-2024 and a 52 week low of Rs. 542.50 on 24-May-2023.

Last one week high and low of the scrip stood at Rs. 916.45 and Rs. 873.05 respectively. The current market cap of the company is Rs. 12273.16 crore.

The promoters holding in the company stood at 30.35%, while Institutions and Non-Institutions held 31.64% and 38.01% respectively.

Intellect Design Arena has launched the Intellect Digital Core (IDC) for Cooperative Banks for the Indian market. This comprehensive, enterprise-grade banking technology solution is composed of eMACH.ai, the world’s largest open finance platform engineered by the ‘First Principles’ Thinking for financial institutions to design future-ready technology solutions. Drawing on the composable and contextual core banking technology that runs some of the world’s largest banks, Intellect brings the same expertise for cooperative banks as a Digital India initiative.

With three decades of domain expertise, Intellect continues to innovate and empower banks with advanced tools to unlock exponential growth opportunities. At the core lies the ethos of 'Design Thinking,' an approach ingrained in its DNA. With this in mind, Intellect launched Intellect Digital Core, tailored for Cooperative Banks and offering them a best-in-class enterprise-grade technology on a subscription basis.

Intellect Design Arena, a global leader when it comes to applying true digital technology, is the world’s first financial tech company that covers the entire spectrum of banking and insurance needs with its wide suite of products.