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    HomeNewsBusinessCompaniesPolaris falls 5.7% as SEBI bars founder Jain for 2 years

    Polaris falls 5.7% as SEBI bars founder Jain for 2 years

    Securities and Exchange Board of India (SEBI) has barred Arun Jain of Polaris Financial Technology from capital markets for 2 years on insider trading charges, reports CNBC-TV18.

    October 10, 2012 / 13:29 IST
       
       
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      Securities and Exchange Board of India (SEBI) has barred Arun Jain of Polaris Financial Technology from capital markets for 2 years on insider trading charges, reports CNBC-TV18.
       
      At 12:03 hrs Polaris Financial Technology was quoting at Rs 126.25, down Rs 7.75, or 5.78%. It has touched an intraday high of Rs 131.10 and an intraday low of Rs 122.65. 
       
      Also Read - Sebi bars Arun Jain from securities mkt for 2 years


      It was trading with volumes of 582,696 shares. In the previous trading session, the share closed up 1.82% or Rs 2.40 at Rs 134.


      The company's trailing 12-month (TTM) EPS was at Rs 19.25 per share. (Jun, 2012). The stock's price-to-earnings (P/E) ratio was 6.57. The latest book value of the company is Rs 77.61 per share. At current value, the price-to-book value of the company was 1.63. The dividend yield of the company was 3.56%.

      first published: Oct 10, 2012 12:04 pm

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