Polaris Software shares rise 9 percent

Bangalore: Polaris Software Lab stock was among the top gainers after its price went up by 9 percent. After opening the day at Rs. 196.95, the stock touched its 52 week high of Rs. 214.70, before closing trade at Rs. 195.25, with a gain of 9.35 percent. Through the day, 14,81,627 Polaris Software shares were traded in the market with the current P/E ratio of the stock at 16.17. The 52 week stock price chart is on the left.

Polaris Software is one of the world's most sophisticated banking and insurance software companies. Polaris is the chosen outsourcing partner for 10 of the top 15 global banks and 6 of the 10 top global insurance companies. Polaris offers state-of-the-art, comprehensive solutions for core banking, corporate banking, wealth & asset management and insurance. Over the last two decades, Polaris has implemented its solutions and services among 200 of the world's largest financial institutions.

Polaris Software is also recognized by the world's top analysts (Forrester and Gartner) as global leaders in banking and insurance software. Currently, 11 analysts are following the stock. 6 out of them are recommending to buy the stock. According to consensus recommendation, the stock will outperform.