SKS Microfinance hits 52-week high; gains 5%

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SKS Microfinance hits 52-week high; gains 5%
Shares of SKS Microfinance were locked at the upper end of the circuit filter after reports that FIIs had hiked a stake in the company.
SKS Microfinance was locked in upper circuit at Rs165.95. The stock also touched a 52-week high of on the Bombay Stock Exchange.

Today's gains marked a sixth day of gains for the company's stock.
SKS is the first listed microfinance entity in Asia.

Among the prominent shareholders of the company include Deutsche Securities Mauritius Limited and Goldman Sachs.

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