Polaris Consulting trades flat on Q3 results

The Company’s consolidated revenue stood at Rs. 517.58 crore, witnessing marginal decline of 0.02% qoq but clocked growth of 9.02% yoy.

Polaris Consulting is currently trading flat at Rs. 211.35. The company reported consolidated net profit of Rs. 36.54 crore for the quarter December 31, 2015, registering decline of 22.81% qoq and 6.90% yoy. The Company’s consolidated revenue stood at Rs. 517.58 crore, witnessing marginal decline of 0.02% qoq but clocked growth of 9.02% yoy.

The scrip opened at Rs. 213 and touched a high and low of Rs. 214 and Rs. 210.3 respectively. A total of 394648(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 2124.9 crore.

The BSE group 'A' stock of face value Rs. 5 touched a 52 week high of Rs. 224 on 11-Aug-2015 and a 52 week low of Rs. 132.7 on 10-Feb-2015. Last one week high and low of the scrip stood at Rs. 214 and Rs. 210.3 respectively.

The promoters holding in the company stood at 28.92 % while Institutions and Non-Institutions held 20.81 % and 50.27 % respectively.

The stock traded below its 50 DMA.