Technical analyst Husseini Wadharia has maintained 'buy' rating on Polaris Software Lab Limited stock with a target of Rs 174.

According to analyst, the investors can hold the stock with a stop loss of Rs 157.

Mr. Wadharia stated that the said target can be attained in a period of 3-4 trading sessions.

The stock of the company, on December 02, closed at Rs 162.20 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 215 and a low of Rs 143.95 on BSE.

Current EPS & P/E ratio stood at 18.66 and 8.50 respectively.

Polaris Software Lab declared that it has purchased a property at Chennai for building up a novel development centre.

The abovementioned purchase has been done via 100% acquisition of equity shares of SFL Properties (P), Chennai.

The company recorded marginal increase of 3% in its consolidated net profit, which stood at Rs 480 million for July-September quarter as against Rs 466 million for the same period of 2009.

The company's net sales remained up by 5.43% at Rs 3.88 billion for the three month period ended Sep 2010 as against Rs 3.68 billion for the same quarter of 2009.