Sell Polaris Financial Technology: VK Sharma

VK Sharma, Head Private Broking & Wealth Management of HDFC Securities told CNBC-TV18, "Polaris Financial Technology can be sold because the company keep on dilly-dallying between whether they will sell their service unit or not. Even if they sell their services unit 70 percent of the revenue will go away and although one might get cash of around Rs 2,100 crore but per share it might not workout more than Rs 80."

"If one sells out and exits it is all the more better at this price and look forward to buying some other thing when the interest rates start rising again," he added.
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 24.37 percent below its 52-week high and 15.92 percent above its 52-week low. Market capitalisation stands at Rs 1,331.37 crore.