SKS Micro gets FII attention
By Research Desk
about 10 years ago
SKS Microfinance is currently amongst the top three gainers in an otherwise lackluster market. The stock opened higher at Rs,354.15 and is currently at Rs.364, up almost 5%. It has hit a 52-week high on 5th Dec at Rs.377.80.
The stock is up after FII, UBS initiated a “buy” on the stock with a target price of Rs.500. UBS has said that its non-banking micro finance companies have resumed their growth trajectory and it expects FY15-17 earnings at CAGR of 66%.