Business Standard

SKS Microfinance at 52-week high, surges 35% in two weeks

FIIs hike their stake in the company to record high of 31.77% in the July-September quarter.

Related News

SKS Microfinance rose nearly 5% for the sixth day in a row and was locked in upper circuit at Rs 166 on the BSE, after the foreign institutional investors (FIIs) hike their stake in the company to record high of 31.77% in the July-September quarter.

Meanwhile, the Finance Minister P. said that the Government was hopeful that the proposed Microfinance Institutions (Development and Regulation) Bill will shortly be cleared by the Parliament's Standing Committee and will be brought to the House for “early passage.”

The Bill seeks to empower the Reserve Bank to regulate the microfinance industry and fix interest rates ceiling on loans to be provided by lender.

The stock has rallied 35% in past two weeks compared to around 5% gain in benchmark index Sensex.

A combined 257,806 shares have already changed hands on the counter and there are pending buy orders for 529,595 shares on the BSE and NSE at 1056 hours.

Read more on:   
|
|

Read More

BSE launches carbon index

Premier bourse BSE, in collaboration with the UK government, today launched BSE Carbonex, the first-of-its-kind index in India or any emerging market ...

Quick Links

 

Market News

NCDEX reduces rental charges of warehouses

Will be applicable from 1 November

RBI lifts curbs on share purchase of ING Vysya Bank by FIIs

FIIs held 27.81% shares in the bank as of quarter ended September 30, 2014

Sesa Sterlite stock falls 3% on weak Q2 performance

Slow commissioning of projects with low return potential has been affecting the company's performance, say analysts

Banks, auto stocks top contributors in Sensex rally

Four stocks each from banking and auto sectors, information technology major Infosys and Cipla have collectively contributed nearly 470 points ...

Sensex ends at record closing high on Fed optimism, Realty reforms

The Sensex and the Nifty hit fresh record highs on Fed optimism about the US economy while the norms for FDI in construction also boosted ...

Back to Top