SKS Microfinance is currently trading at Rs. 258.40, up by 5.85 points or 2.32% from its previous closing of Rs. 252.55 on the BSE.
The scrip opened at Rs. 255.15 and has touched a high and low of Rs. 264.00 and Rs. 255.15 respectively. So far 195725 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 282.40 on 22-Apr-2014 and a 52 week low of Rs. 95.60 on 24-May-2013.
Last one week high and low of the scrip stood at Rs. 264.00 and Rs. 233.55 respectively. The current market cap of the company is Rs. 2816.72 crore.
The promoters holding in the company stood at 27.90% while Institutions and Non-Institutions held 43.54% and 28.56% respectively.
SKS Microfinance is all set to raise around Rs 400 crore through Qualified Institutional placement (QIP) in February 2015 by diluting a maximum of 20 per cent stake. The proposed capital raise of up to Rs 400 crore will fund growth opportunities besides reinforcing the capital position of the company.
During the last financial year, SKS posted Rs 70-crore profit. In the previous financial year, SKS incurred loss of Rs 30 crore. The revenue grew to Rs 519 crore as compared to Rs 332 crore in FY13. SKS Microfinance (SKS) is a non-banking finance company (NBFC), registered and regulated by the Reserve Bank of India, whose mission is to provide financial services to low-income households. SKS operates across 16 states of India.
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