Business Standard

SKS Microfinance tumbles to new low as Q4 net loss widens

Tanks 20% in opening trades

Related News

SKS Microfinance has tumbled 20% to Rs 75.85, its all-time low in opening deals after reporting a net loss of Rs 330 crore for the quarter ended March 2012 on account of a Rs272 crore write-off on its loan portfolio. The only listed microfinance company in the country had a net loss of Rs 70 crore in the previous year quarter.

Total income too, declined by 62% at Rs 66.15 crore on year-on-year basis during the quarter under review.

A combined 120,000 shares have changed hands on the counter in opening deals on both the exchanges.

Read more on:   
|
|

Read More

Agri Min proposes Rs 170/quintal hike in paddy MSP

In view of rising farm input costs, the Agriculture Ministry has proposed a Rs 170 per quintal increase in the minimum support price (MSP) of paddy ...

Quick Links

 

Market News

Despite Friday falls, markets sustain longest rally since Feb 2012

The 30-share Sensex lost 22 points to close at 27,090 and the 50-share Nifty gained 7 points to end at 8,121.

Zee Entertainment hits 14-year high on entry into Nifty

The stock hit high of Rs 317, its highest level since June 2000, on National Stock Exchange.

Markets remain flat; TCS, Cipla top Sensex gainers

The 30-share Sensex was down 2 points at 27,111 and the 50-share Nifty was up 12 points at 8,127

Sebi to soon notify norms for Real Estate Investment Trusts

New norms will enable listing and trading of REITs as any other security on the stock exchange and also help create new platform for raising of ...

BL Kashyap rallies over 100% post HDFC Mutual Fund stake buy

The stock is currently trading at its highest level since August 2011, appreciated by 107% to Rs 18.67 from Rs 9.

Back to Top