Intellect Design Arena share price rallies 13% following launch of Enterprise AI Platform
Live MintStock Market Today: Shares of Intellect Design Arena surged 13 per cent on Monday, December 23, driven by broader market gains and investor enthusiasm over its newly-launched Enterprise AI platform, Purple Fabric. Intellect Design highlighted Purple Fabric's ability to manage the increasing volume of data generated by financial services products, enabling improved customer service through a simplified operational structure. Intellect Design claimed that the platform also supports AI-based document management and allows product managers to design and implement AI-driven use cases across various financial applications. Financial Performance Despite the excitement around Purple Fabric, Intellect Design Arena's recent financial performance has been underwhelming.
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