Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Polaris Financial Technology is worth buying into. Three-four days ago it went into and gave a spike on the upside. That was no sustained and that is not bearish."
He further added, "Polaris is now breaking Rs 120, which is a strong resistance and once it does that a more sustainable up move will come. I would be a buyer."
At 11:24 hrs Polaris Financial Technology was quoting at Rs 124.30, up Rs 1.70, or 1.39 percent.It has touched an intraday high of Rs 127.10 and an intraday low of Rs 123.80.
The share touched its 52-week high Rs 147.30 and 52-week low Rs 96.10 on 20 September, 2012 and 14 May, 2013, respectively.Currently, it is trading 15.61 percent below its 52-week high and 29.34 percent above its 52-week low.Market capitalisation stands at Rs 1,485.54 crore.Sales Turnover for FY12 (Mar) : Rs 1,762.09 croreNet Profit for FY12 (Mar) : Rs 188.51 crore Also Read: Polaris rises 15% as Tech Mah, L&T Infotech eye stake in co
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