SKS Microfinance surges; Morgan Stanley starts at 'overweight'

Image
Reuters
Last Updated : Aug 28 2014 | 10:15 AM IST

Reuters Market Eye - SKS Microfinance Ltd shares up 3 percent at 299 rupees on Thursday. Morgan Stanley initiates coverage with an "overweight" rating and a target of 385 rupees.

India's microfinance industry has $90 billion demand potential, says Morgan Stanley, while adding that SKS is in a better position than most peers.

(Reporting by Abhishek Vishnoi)

More From This Section

First Published: Aug 28 2014 | 10:10 AM IST

Next Story