Polaris shows Strong growths ahead, can be upside of 43%
With upward revision of revenue guidance and increasing deal sizes; Polaris is set to witness strong growth ahead. It is expected to clock an EPS of Rs22.71 and Rs27 in FY12 and FY13 respectively. Maintain buy for a target of Rs180, an appreciation of about 43% from the current level with the medium to long term investment horizon.
Today’s Best stock tips
ABGSHIP (LTP: 419.1) - BUY
For today's trade, long position can be initiated only in Rs.405-400 range for a target of Rs.440-460, with a strict stop loss of Rs.385 on closing basis.
SBIN (LTP: 1886.9) - SELL
For today's trade, short position can be initiated only below Rs. 1875 range for a target of Rs. 1840-1830, with a strict stop loss of Rs.1900.
For today's trade, short position can be initiated only in Rs.100-101 range for a target of Rs.96-95, with a strict stop loss of Rs.103
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