Polaris Financial up 3%

Polaris Financial Technology is seeing some activity since yesterday. The stock opened today higher at Rs.207.90 and hit an intra day high at Rs.211.80 and it currently remains around the same levels, up around 3%.

The stock is up after the company announced that Sweden's central bank, Sveriges Riksbank has chosen to implement Polaris' Intellect Quantum Collateral Management System. The company stated in a Press Release that this Collateral Management System will support Riksbank's services for Swedish payments system, open market operations, bank credit operations and agency central bank arrangements.