Microfinance

SKS Microfinance shares rise by 30% over 3 trading sessions

SKS Microfinance’s share price which had fallen by more than 50% over the past few weeks has recovered by 30% over the last few trading sessions. The stock hit the upper circuit of 10% on three consecutive trading days. The company recently announced that it plans to consolidate it’s customer base and diversify it’s product offerings.

SKS Microfinance Share Price

share price of sks

Share Price of SKS Microfinance on the NSE from May 10th to May 12th, 2011.

Meanwhile , SKS Microfinance has filed a special leave petition in the Supreme Court seeking a stay on the Act promulgated by the state government of Andhra Pradesh to rein in the microfinance institutions (MFIs) that are seen using coercive recovery practices.

The Supreme Court on thursday directed the state government to file its reply and posted the matter for hearing in the third week of July.

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