Intellect Design Arena shares plunge over 15% after weak Q4 earnings
Intellect Design Arena shares plunged over 15% to Rs 930 in Friday\’s trade on BSE after the company reported disappointing earnings for the March quarter of FY24, with revenue of Rs 612 crore, down 3.6% quarter-on-quarter (QoQ) and down 1% year-on-year (YoY). Revenue was impacted by the termination of the GeM contract.