Hinduja Global Solutions Ltd, Intellect Design Arena Ltd, NCC Ltd and Torrent Pharmaceuticals Ltd are among the other losers in the BSE s A group today, 09 February 2021.
Hinduja Global Solutions Ltd, Intellect Design Arena Ltd, NCC Ltd and Torrent Pharmaceuticals Ltd are among the other losers in the BSE s A group today, 09 February 2021.
Balkrishna Industries Ltd lost 9.34% to Rs 1667.7 at 14:48 IST.The stock was the biggest loser in the BSE s A group.On the BSE, 2.64 lakh shares were traded on the counter so far as against the average daily volumes of 43314 shares in the past one month.
Hinduja Global Solutions Ltd tumbled 8.59% to Rs 1156.8. The stock was the second biggest loser in A group.On the BSE, 5762 shares were traded on the counter so far as against the average daily volumes of 3275 shares in the past one month.
Information Technology stocks were trading with losses, with the S&P BSE IT Sector index decreasing 249.25 points or 0.97% at 25407.09 at 13:48 IST. Among the components of the S&P BSE IT Sector index, Brightcom Group Ltd (down 3.99%), Nucleus Software Exports Ltd (down 3.77%),3i Infotech Ltd (down 3.72%),Larsen & Toubro Infotech Ltd (down 3.16%),Datamatics Global Services Ltd (down 3.05%), were the top losers. Among the other losers were Accelya Solutions India Ltd (down 2.75%), eClerx Services Ltd (down 2.13%), KPIT Technologies Ltd (down 1.98%), Aptech Ltd (down 1.78%), and TVS Electronics Ltd (down 1.73%). On the other hand, Intellect Design Arena Ltd (up 7.79%), NELCO Ltd (up 7.26%), and Indiamart Intermesh Ltd (up 5.42%) turned up.
State Bank of India, Quess Corp Ltd, PSP Projects Ltd and Intellect Design Arena Ltd are among the other gainers in the BSE s A group today, 05 February 2021.
State Bank of India, Quess Corp Ltd, PSP Projects Ltd and Intellect Design Arena Ltd are among the other gainers in the BSE s A group today, 05 February 2021.
Bajaj Electricals Ltd surged 18.44% to Rs 909.5 at 11:48 IST. The stock was the biggest gainer in the BSE s A group. On the BSE, 1.22 lakh shares were traded on the counter so far as against the average daily volumes of 47329 shares in the past one month.
State Bank of India spiked 12.73% to Rs 400.3. The stock was the second biggest gainer in A group. On the BSE, 65.87 lakh shares were traded on the counter so far as against the average daily volumes of 31.8 lakh shares in the past one month.
Q3FY21 Company Update - Intellect Design Arena - ICICI Direct
Posted On: 2021-02-03 23:37:34 (Time Zone: Arizona, USA)
Intellect Design reported Q3FY21 numbers. Dollar revenues increased 3.4% QoQ (up 15.2% YoY) mainly led by 21.2% QoQ growth in cloud segment and 5.9% QoQ growth in implementation, partially offset by 7.6% QoQ decline in licence revenues. EBITDA margin increased 195 bps QoQ to 25.2%. The PAT increased 35% QoQ to Rs. 80.4 crore due to higher other income and higher share of profits from associates. The company had 20 digital wins including 11 large digital transformation deal wins.
Valuation & Outlook
Improving large deal trajectory, traction in iGCB revenues, penetration in the US market, digital-ready product portfolio, healthy orderbook, huge addressable & underpenetrated market and improved annuity revenues are key long term drivers of revenues. In addition, improving cash flow (led by lower working capital & improving margins) and deleveraged balance she
Information Technology stocks were trading with gains, with the S&P BSE IT Sector index rising 311.87 points or 1.22% at 25791.5 at 09:48 IST. Among the components of the S&P BSE IT Sector index, eClerx Services Ltd (up 5.64%), Intellect Design Arena Ltd (up 4.99%),Majesco Ltd (up 4.97%),HCL Infosystems Ltd (up 4.96%),Coforge Ltd (up 3.71%), were the top gainers. Among the other gainers were Sonata Software Ltd (up 3.16%), Zensar Technologies Ltd (up 3.15%), Ramco Systems Ltd (up 3.08%), Birlasoft Ltd (up 2.78%), and Larsen & Toubro Infotech Ltd (up 2.77%). On the other hand, TVS Electronics Ltd (down 1.41%), Cigniti Technologies Ltd (down 0.9%), and AXISCADES Technologies Ltd (down 0.66%) moved lower.