India: Shares in SKS Microfinance Tumble to All-Time Low

Print
 
Dec 2010
Mumbai, India, December, 20 2010 - Shares in SKS Microfinance, the country's only listed microfinance lender, tumbled to a record low on late Monday afternoon, on the back of renewed fears about the sector's future profitability.

Citigroup downgraded SKS to "sell" from "hold" on Thursday and cut its earnings estimates to factor in reduced lending rates, higher funding costs and lower growth.

At 3:14 p.m. (0944 GMT), shares in SKS tumbled as much as 9.5 percent to 599 rupees, their lowest ever since they listed in August, while the main stock index traded 0.1 percent higher.



Source : Reuters
 

Research Analysis Tools

The fund indexes, institution benchmarks and other market information displayed here are all Symbiotics designed analysis tools, created in-house by our analysts and experts. Symbiotics has one of the oldest track records in microfinance investment analysis dating back to the late 1990s; its indexes and benchmarks have been regularly used as markers by investors, asset managers, financial institutions and practitioners. These, as well as several other research products, are available through the Research Account. Click on the link below to find out more.

Learn More