Polaris Financial Technology shares gained on Thursday after Sweden's central bank, Sveriges Riksbank, the oldest central bank in the world, has chosen to implement Polaris' Intellect Quantum Collateral Management System (QCMS).
The Collateral Management System is part of Polaris' Intellect Quantum Banking suite of Central Bank Solutions - the world's first integrated money and securities solution for Central banks. The Collateral Management System will support Riksbank's services for Swedish payments system, open market operations, bank credit operations and agency central bank arrangements.
Shares of the company are trading at Rs 207.90, up Rs 1.85, or 0.90% at the Bombay Stock Exchange (BSE) on Thursday at 11:00 a.m.
The scrip has touched an intra-day high of Rs 209.00 and low of Rs 205.55. The total volume of shares traded at the BSE is 47,178.
In the earlier session, the shares climbed 0.39%, or Rs 0.80, at Rs 206.05.
Currently, the stock is trading down 7.06% from its 52-week high of Rs 223.70 and above 113.56% over the 52-week low of Rs 97.35.