Polaris Financial jumps over 17% on demerger plan - The New Indian Express

Polaris Financial jumps over 17% on demerger plan

Published: 19th March 2014 01:19 PM

Last Updated: 19th March 2014 01:19 PM

Polaris Financial Technology, a global financial technology company, continued to jump on Wednesday after the demerger of its products (intellect) business into an independent entity.

The company will be filing the scheme of demerger with the stock exchanges, SEBI and High Court as per extant regulations.Shares ofthe companyare trading at Rs 179.50, up Rs 26.7, or 17.47% at the Bombay Stock Exchange (BSE) on Wednesday at 12:13 p.m.The scrip has touched an intra-day high of Rs 181.80 and low of Rs 150.15. The total volume of shares traded at the BSE is 2,899,662.In the earlier session, the shares climbed 11.57%, or Rs 15.85, at Rs 152.80. Currently, the stock is trading all time 52-week high, which is above 86.78% over the 52-week low of Rs 96.10.

comments powered by Disqus

Disclaimer: We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the NIE editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.


Read More



follow us Mobile Site iPad News Hunt Android RSS Tumblr Linekin Pinterest Youtube Google Plus Twitter Facebook