Tuesday 17 June 2014

SKS Microfinance trades higher on the BSE.

SKS Microfinance is currently trading at Rs. 273.90, up by 2.30 points or 0.85% from its previous closing of Rs. 271.60 on the BSE.
The scrip opened at Rs. 273.00 and has touched a high and low of Rs. 278.00 and Rs. 271.45 respectively. So far 93636 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 309.90 on 02-Jun-2014 and a 52 week low of Rs. 97.00 on 25-Jun-2013.
Last one week high and low of the scrip stood at Rs. 295.00 and Rs. 259.65 respectively. The current market cap of the company is Rs. 3427.04 crore.
The promoters holding in the company stood at 13.23% while Institutions and Non-Institutions held 55.48% and 31.29% respectively.
Further, long-term debt instruments with ‘A+’ rating are considered to have an adequate degree of safety regarding timely servicing of financial obligations. Such instruments carry a low credit risk.
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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