Intellect Design Arena zooms 69% so far in March on healthy revenue outlook

Healthy traction in IGCB and iSEEC is expected to drive revenues going forward

Shares of Intellect Design Arena surged 9 per cent to hit a new high of Rs 733.50 on the BSE in intra-day trade on Monday. The stock has rallied 69 per cent thus far in the month of March on expectations of a strong revenue outlook. In comparison, the S&P BSE Sensex has added 1.5 per cent during the same period.

At 09:52 am, the stock was quoting 2 per cent higher at Rs 688 as against a 0.06 per cent decline in the benchmark index. A combined around 750,000 equity shares had changed hands on the counter on the NSE