SKS Microfinance gains on completing Rs 150 cr securitization deal

Shares surge 6% in noon deals, recovers 10% from Thursday's fall

SKS Microfinance has surged almost 6% to Rs 127, recovering from yesterday’s 10% fall, after the company said it has completed securitization transactions of over Rs 100 crore.

“The company has completed two securitization transactions aggregating Rs 115 crore, rated A1+ (SO),” SKS Microfinance said in BSE filing.

With this, the company has completed ten securitization transactions aggregating Rs 981 Crore in FY13 (YTD), it added.

The stock opened at Rs 122 and touched high of Rs 130 in morning trades on BSE. A combined around 942,000 shares have changed hands on the counter till 1223 hours on BSE and NSE.