Intellect Design Looking back towards golden days.Intellect Design CMP: 531.35
Intellect Design is one of the most comprehensive contextual open finance platform for all corporate banking & consumer banking requirements. It is a Polaris group company which is a world leader in FinTech solutions. The company works on SaaS (Software as a service) products such as virtual accounts, payment solutions, lending solutions, wealth solutions and many more. CMP of Intellect Design is 531.35.
Negative aspects of the company are FIIs decreasing stake & promoters holding decreasing. Positive aspects of the company are improving annual net profits, low debt, improving cash from operations annual, zero promoter pledge & MFs are increasing stake.
Entry can be taken in the stock after closing above 537. Targets will be 574 and 619. Long term targets will be 646 and 700+. Stop loss in the counter should be maintained at 441.
