Polaris Financial Technology is currently trading at Rs 126.95, up by 1.40 points or 1.12% from its previous closing of Rs 125.55 on the BSE.
The scrip opened at Rs 126.00 and has touched a high and low of Rs 128.30 and Rs 125.90 respectively. So far 9673 shares were traded on the counter.
The BSE group 'B' stock of face value Rs 5 has touched a 52 week high of Rs 213.90 on 13-Apr-2011 and a 52 week low of Rs 112.80 on 24-Nov-2011.
Last one week high and low of the scrip stood at Rs 134.00 and Rs 125.00 respectively. The current market cap of the company is Rs 1247.55 crore.
The promoters holding in the company stood at 29.09% while Institutions and Non-Institutions held 34.74% and 36.17% respectively.
Polaris Financial Technology, a leading global Financial Technology Company along with Millennium IT, a part of London Stock Exchange Group, have been selected for implementing former’s state of the art Intellect TM Core Banking Solution (CBS) for Regional Development Bank (RDB), the largest development bank with the third largest branch network of 253 branches in Sri Lanka. In order to overcome the challenges of the bank’s existing manual operation, meet critical requirements and to cater to its 3.5 million customers, chose Intellect CBS.
Regional Development Bank was formed in May 2010, by amalgamating six Development Banks - Ruhuna, Kandurata, Uva, Wayamba, Rajarata and Sabaragamuwa, with over 25 years of successful existence in the country. The 100% government owned bank is committed to empower Sri Lankans through their innovative deposit and developmental loan schemes which are being patronized mainly by the rural, semi urban, small and medium scale urban entrepreneurs, farmers, fisherman and industrialists among others.
Ranging from specialized modules such as Pawning, Debentures, Securitization, Loan Origination, Integration Middleware, MIS and Analytics, Audit Trail and Access Control with Single Sign-on, to the basic Core modules like General Ledger, Operational Accounts, Deposits, Loans and Advances, Leasing, Counter Operations, Remittances, the Polaris Intellect product suite offers support to a wide range of banking operations to meet market centric customer requirements.
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MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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