SKS Micro shares pare early gains; down nearly 2%

Shares of SKS Microfinance pared all their early gains and ended nearly 2 per cent lower today due to profit-booking.
After surging 5.2 per cent to Rs 472.30 in intra-day trade at BSE, shares of the company later gave up all initial gains and ended 1.77 per cent down at Rs 441.
At NSE, shares of the company were down 1.57 per cent to close at Rs 441.60.
On the volume front, 9.95 lakh shares of the company changed hands at BSE and over 76 lakh shares were traded at NSE during the day.
SKS Microfinance yesterday posted 37.2 per cent increase in net profit at Rs 77.86 crore for the second quarter ended September 30, 2015.

Its net profit stood at Rs 56.75 crore in the same period of the previous fiscal.
"Total income has increased to Rs 324.29 crore for the quarter ended September 30, 2015 from Rs 201.02 crore for the quarter ended September 30, 2014," SKS had said in a filing to BSE.
In the broader market, the benchmark BSE Sensex ended 58.09 points down at 27,306.83.