Stock market analyst Kunal Saraogi has maintained 'buy' rating on Polaris Software Lab Ltd stock with a short term target of Rs 184.

According to analyst, the interested investors can buy the stock with stop loss of Rs 175.

The stock of the company, on Sep 07, closed at Rs 176.25 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 215 and a low of Rs 138.50 on BSE.

Current EPS & P/E ratio stood at 17.83 and 9.95 respectively.

As per reports, Polaris Software Lab has got hold of a minority 2.5% equity stake in Tyfone Inc.

Polaris Software acquired the stake in the US-based mobile payment solutions company for Rs 2.33 crore, the report added.

Set up in the year 2004 and supported by India-based Ojas Venture Partners, Tyfone offers up software and hardware Programs for bank-branded mobile banking, mobile merchant services as well as mobile contact less payments.

Polaris Software is the world's most advanced financial technology company.

It is the preferred outsourcing associate for 10 of the apex 15 global banking institutions and 6 of the 10 top worldwide insurance firms.