Comments
The scrip of SKS Microfinance Ltd has touched a new low by declining 4.99 per cent to end at Rs 229.30 on the BSE on Thursday.
This was also the lower circuit limit for the stock of the Hyderabad-based company.
SKS scrip has been beaten on the bourses since last month (from over Rs 500) driven by the consecutive losses being reported by SKS from the fourth quarter of previous financial year.
There is also continued uncertainty over Rs 1,257 crore outstanding loan portfolio in Andhra Pradesh (as on June 30) where the recoveries are at about 12.01 per cent.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.