Polaris Financial Technology trades firmly in early deals on BSE

03 Dec 2013

Polaris Financial Technology is currently trading at Rs 134.15, up by 1.00 points or 0.75% from its previous closing of Rs 133.15 on the BSE.

The scrip opened at Rs 132.60 and has touched a high and low of Rs 134.70 and Rs 132.60 respectively. So far 3530 shares were traded on the counter.

The BSE group 'B' stock of face value Rs 5 has touched a 52 week high of Rs 155.00 on 07-Nov-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 139.85 and Rs 130.35 respectively. The current market cap of the company is Rs 1325.51 crore.

The promoters holding in the company stood at 29.14% while Institutions and Non-Institutions held 31.00% and 39.86% respectively.

Polaris Financial Technology’s Payments Hub from its iGTB division received a ‘Best in Class’ recognition for Payments Operations in CEB TowerGroup’s annual Payment Hubs Technology Analysis report, 2013. As a real-time payments solution that minimizes operational risk and improves the Straight Through Processing rate to over 90%, Polaris’ Payments Hub provides superior customer experience though a channel agnostic service layer with the flexibility to configure to meet changing customer needs, regulatory reforms and operational arrangements.

With a 360° view of corporate activities related to payments, it offers better risk management, supports centralized control of global payments operations and its robust exception handling process and AML and fraud management capability reduce Exception and Investigation and manpower costs.

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.

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SEBI Registered: Investment Adviser - INA000013323