SKS Microfinance makes a new low

by khalid on 21/12/2010 · 0 comments

SKS Microfinance is India’S largest microfinance lender. The company is the first microfinance institution (MFI) in the country to go for a listing. This microfinance lending idea getting popularize after Muhammad Yunus and his Grameen Bank won the Nobel Peace Prize for microfinance lending. This idea of lending helps both the poor and the investors, too.

SKS Microfinance Ltd. shares was issued at Rs 985 in July 2010 and it was listed at Rs 1,040 on 16th August 2010 but after having some problem with the Estate Government it started its southern journey and today it makes a new low of Rs 597. Moreover, Citigroup also downgraded SKS from “HOLD” to “SELL” on Thursday and cut its earnings estimates to factor in reduced lending rates, higher funding costs and lower growth.

Share’s Data :-
BSE Code : 533228
Mkt. Cap: Rs 4,344.12 Crores
SKS Microfinance Ltd. share’s CMP is Rs 603.05 0n 21st Dec 2010.

Stay tuned to BelltheBull Blog for more news on SKS Microfinance Limited !

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