In his latest research report, stock market analyst Ashwani Gujral said that Polaris Software Lab Ltd can give good returns in 1-2 trading sessions.

According to Mr. Gujral, the stock of the company can be bought with a strict stop loss of Rs 162 to achieve a target between Rs 181-190.

Today, the shares of the company opened at Rs 175 on the Bombay Stock Exchange (BSE). Current EPS & P/E ratio stood at 17.60 and 10.03 respectively. The share price has seen a 52- week high of Rs 173 and a low of Rs 26.30 on BSE.

On Nov 10, US-based Citigroup sold 1.71 per cent equity stake in Chennai-based financial technology firm Polaris Software Lab via Orbitech, a corporation operated by Citigroup for a collective amount of Rs 279.89 million.

Wexford Spectrum Investors, during Oct 2009, purchased 0.45 per cent equity stake in software and IT solutions supplier Polaris Software Labs for Rs 87.91 million.

The company got hold of 0.59 million shares at a price of Rs 149.58 per share.

Polaris Software Lab fulfills the demand of worldwide customers via its various offices in US, Canada and also countries in Europe and Asia-Pacific.

The company also has divisions in Canada, Ireland, Germany, United Kingdom, Japan, Switzerland, Singapore, and Australia.