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Intellect Design Arena is currently trading at Rs. 433.35, up by 8.10 points or 1.90% from its previous closing of Rs. 425.25 on the BSE.

The scrip opened at Rs. 425.75 and has touched a high and low of Rs. 435.70 and Rs. 419.05 respectively. So far 32831 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 986.00 on 07-Apr-2022 and a 52 week low of Rs. 407.80 on 04-Nov-2022.

Last one week high and low of the scrip stood at Rs. 442.95 and Rs. 414.00 respectively. The current market cap of the company is Rs. 5856.94 crore.

The promoters holding in the company stood at 30.66%, while Institutions and Non-Institutions held 26.66% and 42.68% respectively.

Intellect Design Arena’s Intellect Global Consumer Banking (iGCB) has been selected by a new Ethiopian bank to power its banking through product Intellect Digital Core (IDC). iGCB which serves more than 21 banks in Africa has partnered to offer their Intellect Digital Core solution that is Microservices based, fully Composable and Cloud-Native solution for the upcoming Bank.

The bank aims to service 15 Million+ citizens of Ethiopia through a state-of-art Mobile banking app, 450+ branches, 5000+ ATM and Self-service terminals, and 14,000 plus POS terminals, in the next 5 years. The bank aims to offer unique banking products and features and an unparalleled intuitive experience. The bank would service its customers through more than 12,500 Agents across the country, that provide access and last-mile cash-in-cash-out operations (CICO), and other rich out-of-branch services like Remittance, Loan origination, Micro-saving, and Micro-credit.

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.