After falling 20 % in Fridays trade , the share price of SKS Microfinance has dropped by more than 15 % in today’s trade and is currently trading at Rs 280 at 12:10 PM on May 09, 2011.
The share price of SKS Microfinance has dropped by more than 80 % since it’s listing on Aug 16, 2010. The recent drop in the share price has been attributed by some analysts to stock rating downgrades, mounting losses and insider trading.
Update : At the end of today’s trading SKS Microfinance has closed at Rs 269.05 down by – 18.91 % on the National Stock Exchange.
Returns given by SKS Microfinance in comparision with BSE Sensex over a period of 9 Months.
News Reports about SKS Microfinance Share Price
Credit Suisse cuts SKS Microfinance to ‘underperform’
Credit Suisse on Monday downgraded lender SKS Microfinance to “underperform” from “outperform” and cut the price target to 323 rupees from 1,575 rupees, citing continued uncertainty on the microfinance business model. Sify
SKS Microfinance stock plunge faces probe
A steep plunge of 20% in SKS Microfinance shares, hours ahead of its fourth quarter results on Friday, has come under the regulatory lens for possible breach of insider trading norms or hammering by a bear cartel. BS
JPMorgan Cuts Share Price Target; SKS Microfinance Stock Falls 20%
The stock fell 16.3 percent to Rs 346 after JP Morgan slashed the price target to Rs 200 from Rs 550. VC-Circle
SKS Microfinance hits record low on bourses, stock dips 14 pc
Shares of SKS Microfinance plunged by over 14 per cent to hit an all-time low in morning trade on the bourses today after the company reported a net loss of Rs 70 crore for the quarter ended March. ET