SKS Microfinance surges; Morgan Stanley starts at 'overweight'

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)