Intellect Design Arena Ltd.

Intellect Design Arena is currently trading at Rs. 994.40, up by 11.90 points or 1.21% from its previous closing of Rs. 982.50 on the BSE.

The scrip opened at Rs. 983.05 and has touched a high and low of Rs. 1012.40 and Rs. 980.00 respectively. So far 13078 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. 620.00 on 25-Oct-2023.

Last one week high and low of the scrip stood at Rs. 1038.00 and Rs. 962.80 respectively. The current market cap of the company is Rs. 13702.08 crore.

The promoters holding in the company stood at 30.26 % while Institutions and Non-Institutions held 32.76 % and 36.98 % respectively.

Intellect Design Arena has entered into global strategic partnership with Wipro, a leading technology services and consulting company. This collaboration aims to leverage the groundbreaking eMACH.ai platform, a transformative technology designed using First Principles Thinking to simplify technology in the banking and insurance sectors. Together, they will deliver innovative and comprehensive IT solutions to clients in the banking and financial services industry. 

Under the terms of the Partnership Agreement, the company and Wipro have joined forces to bring innovative IT solutions to the global banking and financial sectors. By combining Wipro's IT services with Intellect's advanced eMACH.ai platform, they aim to enhance operational efficiency and drive digital transformation for financial institutions. This partnership focuses on using data and AI to help organisations stay competitive and agile in a rapidly changing industry. The partnership will also include joint efforts to identify and pursue client opportunities, offering comprehensive support services such as project management and cloud services. Additionally, Intellect will provide specialised training to Wipro’s teams, ensuring they are well-equipped to implement and support these solutions effectively. 

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.