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SKS Microfinance surges nearly 6% on strong Q2

By Religare
SKS Microfinance surges nearly 6% on strong Q2
Shares of micro lender SKS Microfinance rallied nearly 6 per cent in early trade on Bombay Stock Exchange (BSE) after posting strong set second quarter numbers ended September 30.

The company has reported a profit of Rs. 16.34 crore for the quarter ended September on Wednesday, driven by higher demand for loans outside its home base of Andhra Pradesh.

Cheering the numbers, shares of the company gained as much as 5.76 per cent to trade at Rs 164.20 a piece on the BSE. In a similar fashion, shares of the company advanced 4.54 per cent to Rs 162.45 a piece on National Stock Exchange.

Meanwhile, the broader benchmark Sensex was quoting at 21,010.88, up 243.48 points or 1.17 per cent at 9:50 hours.

Dion Global Solutions Ltd.

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