{"id":110039,"date":"2023-09-14T15:25:33","date_gmt":"2023-09-14T09:55:33","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=110039"},"modified":"2023-09-14T16:56:03","modified_gmt":"2023-09-14T11:26:03","slug":"it-stock-surges-5-after-company-signed-a-contract-with-afc-commercial-bank","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/it-stock-surges-5-after-company-signed-a-contract-with-afc-commercial-bank\/","title":{"rendered":"IT stock surges 5% after company signed a contract with AFC Commercial Bank"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2725087872\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>This small cap stock gained 5% after AFC commercial Bank signed a deal with the company\u2019s commercial banking arm. The stock saw a good momentum in the market today.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1272244395\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>Share price of Intellect Design Arena opened at Rs. 675 levels and jumped 5% to reach its intra- day high of Rs. 705 levels. In the last six months, the stock returned 66.41% and 211.34% in the last three years.<\/p><p>On 14 Sep 2023, the company announced signing a contract between its commercial banking arm, Intellect Global Consumer Banking and AFC Commercial Bank. AFC has chosen iGCB\u2019s core banking offering Intellect Digital Core to modernise the bank\u2019s operations and transform them to provide a seamless and personalised banking experience to its customers.<\/p><p>It has a market capitalization of Rs. 9160.48 crore. As per the company\u2019s financial statements, it made a revenue of Rs. 639.38 crore in Q1FY24 which is an increase of 3.8% from Rs. 615.5 crore in Q4FY23. Its net profit stands at Rs. 93.47 crore in Q1FY24, an increase of 3.09% from Rs. 90.66 crore in Q4FY23.<\/p><div class=\"trade-content_5\" id=\"trade-1046098222\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Intellect Design Arena Limited is an IT solutions provider which acts as a platform for leaders and professionals in capital markets, insurance and banking. The company offers service in its three lines of business which includes Intellect Digital Core, Intellect Global Consumer Banking, Intellect AI. It provides multiple kinds of technology products related to banking and insurance.<\/p><p><strong>Written by Bhumika Khandelwal\u00a0<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-917068185\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>This small cap stock gained 5% after AFC commercial Bank signed a deal with the company\u2019s commercial banking arm. The stock saw a good momentum in the market today.&nbsp; Share price of Intellect Design Arena opened at Rs. 675 levels and jumped 5% to reach its intra- day high of Rs. 705 levels. In the [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":69895,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[4865,31],"tags":[],"class_list":["post-110039","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>IT stock surges 5% after company signed a contract with AFC Commercial Bank - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"This small cap stock gained 5% after AFC commercial Bank signed a deal with the company\u2019s commercial banking arm. 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