Stock market analyst Ashwani Gujral has maintained 'Buy' rating on Polaris Software Lab to achieve a short term target of Rs 205.

According to Mr. Gujral, interested traders can buy the stock with a strict stop loss of Rs 146.

Today, the shares of the company opened at Rs 160.20 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 180.75 and a low of Rs 26.30 on BSE.

With an EPS of Rs 11.42, the stock is trading with a P/E of 14.60.

Polaris Software Lab declared a growth of 11% in its net profit for the three month period ended Sep 30.

The company's profit during the quarter stood at Rs 352 million as compared to Rs 318.40 million in the corresponding period of the last year.

The company's income surged 4% to Rs 3,383.10 million as against Rs 3,255.30 million. In dollar terms, the company's profit increased by 12% to $7.27 million as against $6.52 million and income came up by 5% to Rs 69.93 million.

Wexford Spectrum Investors, in Oct 2009, purchased 0.45 per cent equity stake in Polaris Software Labs for Rs 87.91 million on October 20.

It purchased around 0.59 million shares at a price of Rs 149.58 per share.

Polaris Software Lab caters to international customers via global offices in the United States, Canada, Europe and Asia-Pacific. It has divisions in Ireland, Singapore, Germany, Japan, UK, Canada, Switzerland, Australia and Japan.