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Entry Price

580.00

Target

640.00

Recommend Date

18-03-2021

Return

10.34 %
BUY

Date : 18-03-2021

We attended the analyst meet of Intellect Design Arena (Intellect). The company highlighted its key product features and its cloud & API ready products. Intellect also highlighted that it is seeing healthy traction across its product categories in corporate banking, retail and insurance segment. Currently top three products yielding value are digital transaction banking, liquidity and Quantum Central Banking. IDC, payments and digital lending are also expected to drive growth. The company is The company highlighted its key product features and its cloud & API ready products. Intellect also highlighted that it is seeing healthy traction across its product categories in corporate banking, retail and insurance segment. Currently top three products yielding value are digital transaction banking, liquidity and Quantum Central Banking. IDC, payments and digital lending are also expected to drive growth. The company is currently undergoing a phase of monetisation of products and in second phase will witness monetisation of big data analytics and artificial intelligence. This, coupled with cost control, sustainable capex and improving working capital bodes well for the company financials.