Technical analyst Rajat K Bose has suggested a buy call for day traders for Polaris Software with strict stop loss of Rs 117. The stock can touch 131-136 in today’s trading session. As an intraday scrip, the entry can be made around 125 – 128 levels in Polaris Software.

Based on current results, the stock is trading at a P/E of 18. The earnings per share of the company stood at Rs 7.

On the National Stock Exchange, the stock has touched 52-week high of Rs 237 and a low Rs 96.

As per the profit and loss account, company has registered a net profit of Rs 79.59 crore. The volumes in the scrip have been higher. As the technology sector has been weak during the past two quarters due to appreciation in Indian currency, there are some stocks which are available at good valuations in this sector. Polaris Software is one such stock which may offer decent returns to long term investors.