Exactly a year ago, when the Coronavirus entry took place in India. When the cases started escalating, the lockdown started in the entire country on 25 March, due to which the stock market crashed. Just before the lockdown, on March 24, the stock market had fallen to the level of 25638. It has performed brilliantly in the last one year and the Sensex has risen by more than 100 per cent. There is also a stock in which there has been a jump of 1400 per cent against the minimum level of March.
Every investor wants to invest in such stocks where there are unmatched returns. Intellect Design Arena shares exactly the same type. This company has made its investors rich in the last one year. If someone had invested about 7 lakhs in this stock on 25 March, his rate today would have been 1 crore rupees. Despite giving so much return, the boom in it is still going on. Intellect Design Arena shares closed today at 678 with a gain of 14.76 per cent. Its share price was just Rs 43 on 25 March 2020, which has now risen to Rs 678.
15% return this week
In the last trading session of the week, this stock has risen by about 15 per cent, 36 per cent on weekly basis and 56 per cent this month. Arun Jain, chairman and managing director of the company, in a conversation with Economic Times, said that the company has set a target of 30% margin growth for FY 2022. This company has recently launched Magic Aadhaar which is big success.
Huge boom in revenue
In the current financial year till December 31, the company’s revenue grew by 11 percent. It stood at Rs 1104 crore in the first nine months. The company’s license revenue has grown 70 per cent year-on-year, 38 per cent in cloud revenue. FPI has invested a lot in this company. FPI holds 24.12 per cent stake. The promoter has a 31.3 per cent stake.