Intellect Design Arena drops on profit booking

Intellect Design Arena lost 2.09% to Rs 128.85 at 14:52 IST on BSE, with the stock sliding on profit booking after recent rally.

Meanwhile, the S&P BSE Sensex was down 15.16 points, or 0.05% at 31,194.63. The S&P BSE Small-Cap index was up 158.18 points, or 1.02% at 15,725.11.

On the BSE, 54,000 shares were traded on the counter so far as against the average daily volumes of 87,000 shares in the past two weeks. The stock had hit a high of Rs 132.85 and a low of Rs 128.55 so far during the day. The stock had hit a 52-week high of Rs 233 on 28 July 2016 and a 52-week low of Rs 107.75 on 15 February 2017.

Shares of Intellect Design Arena had rallied 9.26% in the preceding four trading sessions to settle at Rs 131.60 yesterday, 4 July 2017, from its close of Rs 120.45 on 28 June 2017.

Intellect Design Arena reported net loss of Rs 24.92 crore in Q4 March 2017, compared with net loss of Rs 21.15 crore in Q3 December 2016. Net income from operations rose 8.88% to Rs 135.99 crore in Q4 March 2017 over Q3 December 2016.

Intellect Design Arena is engaged in the business of software development, and providing software product license and related services.

Powered by Capital Market - Live News