SKS Microfinance moved for strength-to-strength and hit 3 year high at Rs. 384 on the BSE on reports a foreign brokerage house reportedly initiated rating on the stock with a 'buy' rating and put a price target of Rs. 500.
The stock is currently trading near the highest level of the day - with a surge more than 9 per cent at Rs. 381.
The counter has witnessed heavy volumes of 1.1 million shares so far, as against the two-wee daily average of 233,000 shares on the BSE.
This morning, SKS Microfinance started the day at Rs. 354.
Meanwhile, the BSE Sensex is up 42 points at 27,834.
The stock is currently trading near the highest level of the day - with a surge more than 9 per cent at Rs. 381.
The counter has witnessed heavy volumes of 1.1 million shares so far, as against the two-wee daily average of 233,000 shares on the BSE.
This morning, SKS Microfinance started the day at Rs. 354.
Meanwhile, the BSE Sensex is up 42 points at 27,834.
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