Multibagger Alert: Rs 134 to Rs 758; This smallcap Fintech stock gave a return of 465% in five years.
Intellect Design Arena has been a buzzing stock for the last two days with a gain of 6% yesterday from an open price of Rs 710 to a day’s high of Rs 770 and closed at Rs 754.
With strong fundamentals, the stock of multibagger Intellect Design Arena rallied from Rs 134 in January 2017 to Rs 758 today, surging 5.65x times in five years. An amount of Rs 1 lakh invested in January 2017 would have become Rs 5.65 lakh in January 2022.
In 2021 alone, the stock has more than doubled from Rs 345 to Rs 754 today, registering a return of 115% in 12 months. Rs 1 lakh invested in January 2021 would have become Rs 2.15 lakh today.
In the last two years, the stock has rallied almost 5x times, from Rs 150 in January 2020 to Rs 754 today, registering a return of 392% in 24 months. Rs 1 lakh invested in January 2020 would have become Rs 4.92 lakh today.
Intellect Design Arena Limited works globally in the fields of Financial Technology for Banking, Insurance and other Financial Services. The company has a comprehensive portfolio of products across Global Consumer Banking, Central Banking, Risk & Treasury Management, Global Transaction Banking and Insurance and is also engaged in the business of software development.
Client base and upcoming products
Intellect has 260+ Active clients. iGTB has launched new platform Cloud Cash Power targeting SME/Mid-Large Corporate Banking, which would hyperscale the business models to over 1000 banks in 70 countries.
iKredit360 (Open Finance Platform) empowers financial institutions to expand and extend their credit experiences and helps them to scale their business. The market size of iKredit is over 1800 Banks which drives a great opportunity to scale this business on SaaS model, to target the T2/T3 Banks (potential of€30K-200K per month). Recently, it has won a deal with Otto- German retailer that has open a large target market in Germany both for Banks/Retailer.
Do you think Intellect Design Arena can sustain the rally with its innovative products?
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