Sharekhan has given Buy on the stock with a revised price target recommendation for Intellect Design Arena with a target price of Rs. ekhan is bullish on Intellect Design Arena has recommended buy on the stock with a revised price target (PT) of Rs. 900 in its research report issued on Jan 27, 2022


Strong deal pipeline, expanding into the US market, deepening relationship with clients, and robust implementation of go-lives are expected to drive growth going ahead. Further, healthy traction for its CBX and IDC offering would support revenue growth in the coming quarters. At the CMP, the stock trades at valuation of 24x/19x its FY2023E/FY2024E earnings. We like the stock because of its future-ready integrated product portfolio, continued investments in products and platforms, focus on partnerships to participate in the marketplace, and higher quality revenue with increased recurring revenue (SaaS and AMC) contribution. Hence, we maintain our Buy rating on the stock with an unchanged price target (PT) of Rs. 900.

Leave a Reply

Your email address will not be published.