Recommendation from IT sector and Food Processing Sector

The scrips in this column have been recommended with a 15-day investment horizon in mind and carry high risk. Therefore, investors are advised to take into account their risk appetite before investing, as fundamentals may or may not back the recommendations.

INTELLECT DESIGN ARENA LTD
CMP - ₹1,093.25
BSE CODE 538835
Volume 74,342
Face Value ₹5 
Target ₹1,177 - ₹1,200
Stoploss ₹1,046 (CLS)

Intellect Design Arena Limited develops financial technologies that empower banks to drive businesses toward growth and prosperity. Their solutions propel the banking industry forward, assuring the world that reliable financial institutions are in place. This philosophy is deeply ingrained within Intellect, reflecting their dedication to the success of their customers. As a global leader in financial technology for banking, insurance, and related services, Intellect offers a comprehensive suite of products. They specialise in vertical and integrated solutions, empowering institutions to become primary service providers for their customers. Intellect Global Transaction Banking (iGTB), a specialist in transaction banking solutions from Intellect Design Arena Limited, has announced the successful implementation of Jordan Kuwait Bank’s (JKB) Digital Transaction Banking (DTB) platform, powered by eMACH.ai architecture. This implementation delivers a fully integrated, mobile-first, cutting-edge, omni-channel experience to support JKB's growth objectives in the Arab region, aligning with Jordan Vision 2025. We recommend BUY.
 

GRM OVERSEAS LTD.
CMP - ₹148.35
BSE CODE 531449
Volume 55,351
Face Value ₹2
Target ₹175 - ₹190
Stoploss ₹131 (CLS)

GRM Overseas Limited is a major player in the milling, processing, and marketing of branded and non-branded basmati rice, with a vast export reach covering over 42 countries. Company has secured a significant contract from the Ministry of Agricultural, Fisheries Wealth & Water Resources, Sultanate of Oman, to supply 4,500 MT of premium basmati rice. This order is valued at ₹46.5, positioning GRM as a key player in the Middle East and North Africa (MENA) region, which represents over 78 per cent of India's basmati rice exports in FY23. The MENA region, with a total basmati rice import market exceeding 700,000 MT, is the largest importer of basmati rice globally. GRM's strategic focus on this region, with 95 per cent of its export business concentrated here, has established the company as one of the top 5 basmati rice exporters to MENA. This new order from Oman could serve as a gateway to consistent business in this high-demand market, offering significant growth opportunities. We recommend BUY.