Polaris, Dsq Scrips Hammered Badly

Several scrips have just come to realise the value of the circuit filter system, which was abolished on July 2.

Over the last three trading days, some stocks have come in for sustained hammering, with no succour in sight.

Polaris Software leads the pack, with its market price declining 37 per cent over the last three days. The price of the Polaris stock declined from Rs 209.90 on July 20, to Rs 132.35 today.

The second in the line is DSQ Software which declined 36 per cent during this period. Both the Bombay Stock Exchange and the National Stock Exchange have advised that they will be suspending trading in the DSQ scrip from July 30, 2001.

The Sterlite Optical counter has lost 33.84 per cent in the last three days. Global Tele-Systems declined by 29.47 per cent on heavy offloading by operators on account of poor first quarter results.

Fujitsu ICIM, Crest Communication and SSI also met with selling pressure losing over 25 per cent market value in the last three days.