Polaris Financial Technology is currently trading at Rs. 120.35, up by 0.70 points or 0.59% from its previous closing of Rs. 119.65 on the BSE.
The scrip opened at Rs. 119.60 and has touched a high and low of Rs. 122.65 and Rs. 119.00 respectively. So far 8,107 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 175.40 on 16-Mar-2012 and a 52 week low of Rs. 102.80 on 23-May-2012.
Last one week high and low of the scrip stood at Rs. 128.25 and Rs. 119.00 respectively. The current market cap of the company is Rs. 1,197 crore.
The promoters holding in the company stood at 29.15% while Institutions and Non-Institutions held 30.73% and 40.12% respectively.
Polaris Financial Technology, a leading global Financial Technology Company, has launched Intellect Algorithmic Liquidity Solution at SIBOS 2012 in Osaka, Japan. The company's Intellect Algorithmic Liquidity Solution is a financial technology innovation that utilizes advanced mathematical models for making transaction decisions in liquidity management, thereby erasing transaction costs and allowing treasury managers to take control of their global liquidity. The rules built into liquidity models attempt to determine the optimal amount of funds to sweep or pool one account at a time.
Polaris has developed various canned strategies that a bank/corporate customer can pick, choose and run for managing liquidity like IEF, Multi-Currency Pooling, Multi-Bank Cash Concentration, Programmed Inter Company Lending and Automated Investment Sweeps.
The solution automates cross border, cross currency and cross bank liquidity management with no manual intervention. Surplus funds can be managed using pre-configured programs that run 24 X 7, managing funds in a ‘follow the sun’ mode. The resultant advantages of Algorithmic Liquidity Solution include best returns on idle balances and increased transparency for regulatory compliance. The solution provides an ideal platform for development of customized models with high level collaboration between banks and corporate customers as algorithms are meant to meet the liquidity objectives of the Corporate Treasurer.
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