Invest in Intellect Design - Mid to Long Term

Intellect Design,Chennai based company reported lower loss with better revenue. Company is expected to grow at 20% plus growth in the current financial year.

Company is winning the contract and recently own two transformation contract.The current share price of 174 INR is 40% lower than the peak price point.

In a current downturn of IT sector, company will outperform sector growth wise. The recent selloff in the market is an opportunity to buy the equity to start with. Even though the current P/E is high but the potentials attached with the company higher than any other IT company.It is expected that company will show good profitability in coming quarters which will take the equity price back to the peak.

Strongly recommend not to play with F&O and invest with medium to long term view.

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About Devendra Prasad

20 years plus industry veteran of domestic and international ICT domain with the expertise in Business, Technology, Strategy and Analysis. Specializes in forecasting impact analysis, trends and recommendations for Investments, Technology and Regulations.