Home » SKS Microfinance falls 10 percent, hits lower circuit limit
SKS Microfinance falls 10 percent, hits lower circuit limit
Submitted by mffocus on Thu, 07/14/2011 - 23:55
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Microfinance Focus, July 14, 2011: After a strong opening on Monday, the stocks of SKS Microfinance fell today by 9.9 percent, and hit the lower circuit limit on Bombay Stock Exchange. The share price fell by Rs 52.85 and the last traded price was Rs. 476.

SKS performance on the National Stock Exchange of India (NSE) was similar. It fell by 9.9 percent from the previous close of Rs 529 and was last trading at Rs. 467.

Earlier this week, SKS surged on the stock exchanges owing the effect of draft Microfinance (Development and Regulation) Bill 2011 released by the Government which seeks to make Reserve Bank of India the sector’s sole regulator.

 

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