Polaris Software Has Good Support At Rs 175-180

Polaris Software Has Good Support At Rs 175-180Technical analyst Mitesh Thacker has maintained 'hold' rating on Polaris Software Lab Ltd stock to achieve targets of Rs 280 and 300.

According to analyst, the stock has good support at Rs 175-180.

Today, the stock of the company, on March 08, closed at Rs 189.60 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 215 and a low of Rs 143.95 on BSE.

Current EPS & P/E ratio stood at 19.24 and 9.85 respectively.

Polaris Software has introduced a novel risk appraisal solution for global banking institutions known as Global Risk Audit (GRA).

The novel solution is a real-time management system along with audit functionality capable of precise appraising the credit risk exposure and liquidity across multifaceted, high volume dynamic biz dealing.

Set up in the year 1993, Polaris Software is one of the world's most advanced financial technology firms.

Polaris is the selected outsourcing associate for 10 of the top 15 international banking institutions and 6 of the 10 top worldwide insurance firms.

The company provides high-tech, wide-ranging solutions for core banking, business banking, wealth supervision, asset management and insurance solutions.

Polaris Software is distinguished by the world's top forecasters as worldwide heads in banking plus insurance software.