Intellect wins expanded deal from Sri Lanka's Cargills Bank for core banking upgrade

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INTELLECT · price

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Price reactionminutes from the announcement price · days from the prior close

+2.7%Reaction day

₹648.00

prior close

₹649.15

announcement price

In-mkt

timing

Nifty Smallcap 250market+0.8%+1.9% vs market

Computers - Software & Consulting peers, median of 68sector+0.4%+2.4% vs sector

On the reaction day the stock moved 1.9 pts more than Nifty Smallcap 250 and 2.4 pts more than its Computers - Software & Consulting peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Sessions after the filingfrom the prior close

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Reaction day

+2.7+0.8+1.9+0.4+2.4

Next day

-1.6-0.6-1.0-0.7-1.0

-2.2-0.6-1.7-0.8-1.5

-3.0-2.2-0.8-1.9-1.1

-5.9-2.8-3.1-2.5-3.4

-5.9-2.5-3.3-2.6-3.3

-7.3-3.3-3.9-2.4-4.8

15d

-1.9-3.5+1.6-0.2-1.7

-10.1-10.3+0.2-5.4-4.7

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UpDownMarket · Nifty Smallcap 250Sector · Computers - Software & Consulting peers, median of 68Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Intellect Design Arena announced that Sri Lanka's Cargills Bank has selected its Composable eMACH.ai Core Banking Architecture, expanding their long-standing partnership. The engagement covers Core Banking, Lending, Trade Finance and Treasury to support Cargills' digital transformation over the next decade. No deal value was disclosed. Cargills Bank operates over 525 retail outlets across Sri Lanka and is part of the Cargills Group conglomerate.

Likely market impact

Positive signal for Intellect's international banking business with a multi-product, decade-long expansion deal, though deal value was not disclosed.