SKS Microfinance Ltd has announced that pursuant to the approval of the Government of India - Ministry of Corporate Affairs, Registrar of Companies, Maharashtra, Mumbai ("GOI"), the name of the Company has been changed from 'SKS Microfinance Limited' to 'Bharat Financial Inclusion Limited' w.e.f. June 13, 2016.
SKS Microfinance has announced that pursuant to the approval of the Government of India - Ministry of Corporate Affairs, Registrar of Companies, Maharashtra, the name of the company has been changed from 'SKS Microfinance Limited' to 'Bharat Financial Inclusion Limited' w.e.f. June 13, 2016.
Stock commentary:
SKS Microfinance has announced that pursuant to the approval of the Government of India - Ministry of Corporate Affairs, Registrar of Companies, Maharashtra, the name of the company has been changed from 'SKS Microfinance Limited' to 'Bharat Financial Inclusion Limited' w.e.f. June 13, 2016.Stock commentary:
SKS Microfinance Ltd is currently trading at Rs. 670.2, up by Rs. 1.75 or 0.2% from its previous closing of Rs. 668.4 on the BSE.
The scrip opened at Rs. 666 and has touched a high and low of Rs. 674.4 and Rs. 666 respectively. The current market cap of the company is Rs. 8514.6 crore.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 695.6 on 09-Jun-2016 and a 52 week low of Rs. 369.4 on 18-Sep-2015. Last one week high and low of the scrip stood at Rs. 695.6 and Rs. 664.5 respectively.
The promoters holding in the company stood at 2.6% while Institutions and Non-Institutions held 77% and 20.2% respectively.
The stock is currently trading above its 50 DMA.
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