SKS Microfinance has surged by 5% at Rs 118 after the company announced that it will cap the Return on Assets (RoA) from its main business at 3%, settling for nearly half the profit growth it enjoyed before hitting the capital market in 2010.
SKS also plans to hive off its gold loan business into a separate subsidiary and expand its non-microfinance business.
In intra-day deals, the stock opened at Rs 117 and touched the high of Rs 118.50. The counter has seen trades around 151,599 shares so far on the BSE.
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