Buy Polaris on dips: Sudarshan Sukhani

Buy Polaris Financial Technology on dips, says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, “I would buy Polaris Financial Technology, there is no doubt about it except that you have to wait for the intraday dips or a well placed trade location. You can't buy Polaris or any other stock after two back to back days of big gains. So the trade is we want to go long but we have to have the patience. Patience is the biggest friend of the trader whether it is buying today or buying on Monday or Tuesday that’s something different.”
The share touched its 52-week high Rs 175.40 and 52-week low Rs 102.80 on 16 March, 2012 and 23 May, 2012, respectively. Currently, it is trading 21.32% below its 52-week high and 34.24% above its 52-week low. Market capitalisation stands at Rs 1,648.82 crore.
The company's trailing 12-month (TTM) EPS was at Rs 19.25 per share. (Sep, 2012). The stock's price-to-earnings (P/E) ratio was 7.18. The latest book value of the company is Rs 86.96 per share. At current value, the price-to-book value of the company was 1.59. The dividend yield of the company was 3.62%.