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SKS Microfinance gains after bulk deal

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Capital Market

SKS Microfinance rose 1.75% to Rs 547.40 at 10:36 IST on BSE after a bulk deal of 4.99 lakh shares was executed on the scrip at Rs 540.20 per share at 09:42 IST on BSE today, 18 August 2015.

Meanwhile, the BSE Sensex was up 149.19 points, or 0.54%, to 28,027.46

On BSE, so far 6.14 lakh shares were traded in the counter, compared with an average volume of 1.80 lakh shares in the past one quarter.

The stock hit a high of Rs 549.55 and a low of Rs 538.15 so far during the day. The stock hit a 52-week high of Rs 589.50 on 31 July 2015. The stock hit a 52-week low of Rs 261 on 18 August 2014.

 

The mid-cap company has an equity capital of Rs 126.61 crore. Face value per share is Rs 10.

SKS Microfinance's net profit rose 24% to Rs 61.16 crore on 67.3% rise in total income to Rs 282.64 crore in Q1 June 2015 over Q1 June 2014.

SKS Microfinance is among the largest microfinance companies in India. The company's mission is to provide financial services to the economically weaker sections.

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First Published: Aug 18 2015 | 10:40 AM IST

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