SKS Microfinance gains; UBS starts at 'buy'

Reuters Market Eye - SKS Microfinance rises as much as 4.7 percent.

UBS initiates stock with "buy" rating and price target of 500 rupees.

Non-banking microfinance companies have resumed their growth trajectory, UBS says.

UBS expects FY15-17 earnings CAGR of 66 pct for SKS.

(Reporting by Abhishek Vishnoi)