Reuters Market Eye - SKS Microfinance rises as much as 4.7 percent.
UBS initiates stock with "buy" rating and price target of 500 rupees.
Non-banking microfinance companies have resumed their growth trajectory, UBS says.
UBS expects FY15-17 earnings CAGR of 66 pct for SKS.
(Reporting by Abhishek Vishnoi)