A Storm in the Stock : Surges 27% in 5 Sessions, star investor Mukul Aggarwal has 20 lakh shares
In the last five sessions, the stock has shown impressive growth and delivered a 27.05% return. This company provides services to the banking, insurance, and various financial services sectors within the IT industry.
On Thursday, the stock market witnessed sideways movement, with Nifty closing at the 23,750 level. One of the companies catching investors’ attention is Intellect Design Arena Limited, an IT company that provides services to the banking, insurance, and other financial services sectors. On Thursday, the stock surged by 11%, closing at ₹1,012.00. Over the last five trading sessions, it has climbed by as much as 27%.
On the BSE, the mid-cap stock of Intellect Design Arena Limited rose intraday by 14.17% on Thursday, delivering returns of 27.05% over the last five sessions.
In an exchange filing, Intellect Design Arena Limited clarified that “there has been no event, information, or decision affecting the company’s operations/performance, including any price-sensitive information requiring disclosure under listing regulations.”
Regarding the stock’s shareholding pattern, prominent investor Mukul Agrawal holds a 1.45% stake in the company, equivalent to 20,00,000 equity shares. Over the last five sessions, the value of his investment has increased from ₹1,64,86,00,000 to ₹2,10,20,00,000—a jump of ₹45.34 crore.
As per Intellect Design Arena Limited’s recent update, the company generated revenue of ₹385.35 crore from operations in the last three months of the fiscal year. In 2024, the company’s stock has soared by 26%.
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