Shares of Intellect Design Arena Ltd. are trading flat after reaching a day’s high of Rs 1,013.95 on 29th August. The flat trading follows the company’s announcement of a partnership with Wipro to utilise its eMACH.ai platform to provide innovative IT solutions to clients in the banking and financial services industry.

This global partnership aims to use data and AI to help organisations remain competitive and agile in a fast-changing industry.

It includes joint efforts to find and pursue client opportunities, offering support services like project management and cloud services.

The company will provide specialised training to Wipro’s teams to ensure effective implementation and support of the solutions.

Kannak Ramaswamy of Intellect Design Arena highlighted that the eMACH.ai platform will drive digital transformation in the financial services industry, aiming to improve efficiency, compliance, and customer satisfaction globally.

Jo Debecker of Wipro FullStride emphasised that their combined domain expertise and technology will provide advanced solutions to meet clients’ evolving needs.

The stock has increased by 19.79% YTD. The company’s market capitalisation rose to Rs 13,588 crore.

At 1:41 PM, the shares of Intellect Design Arena were trading 0.14% higher at Rs 983.30 on NSE.

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