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.

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