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Polaris Financial Technology trades higher on the bourses

Polaris Consulting & Services Ltd. | IT - Software | IT & ITES | BSE: 532254 | NSE: POLARIS

14 Oct 2013 Evaluate

Polaris Financial Technology is currently trading at Rs. 137.30, up by 0.85 points or 0.62% from its previous closing of Rs. 136.45 on the BSE.

The scrip opened at Rs. 136.95 and has touched a high and low of Rs. 140.70 and Rs. 136.55 respectively. So far 111570 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 144.70 on 22-Jan-2013 and a 52 week low of Rs. 96.10 on 14-May-2013.

Last one week high and low of the scrip stood at Rs. 140.80 and Rs. 125.95 respectively. The current market cap of the company is Rs. 1378.08 crore.

The promoters holding in the company stood at 29.14% while Institutions and Non-Institutions held 29.08% and 41.78% respectively.

Polaris Financial Technology has been positioned in the Leaders Quadrant of the recently released ‘Magic Quadrant for International Retail Core Banking (IRCB)’ report compiled by Gartner, Inc. As per the report, the evaluation began with 44 product candidates for the Magic Quadrant for IRCB for 2013, and resulted in a qualified group of 20 vendor and product offerings that represent the major movers in the retail core banking system market. This final group submitted information ranging from long-term strategies to product road maps.

Additionally, Gartner conducted interviews with nearly 85 reference banks that encompassed all vendor and product participants. This process assists in resolving the placement of group finalists on the Magic Quadrant.

Polaris is a full-spectrum Financial Technology major, using technology as an enabler to drive unprecedented operational productivity in Retail, Corporate and Investment Banking. Polaris services over 200 banks across the world, including 9 of the top 10 banks, with a comprehensive suite of products, services and consulting offerings.

Polaris Consulting Share Price

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Peers

Company Name	CMP
TCS	2581.65
Infosys	1318.60
HCL Tech.	1442.50
Wipro	204.35
Tech Mahindra	1511.85
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Polaris Financial Technology trades higher on the bourses

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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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