The scrip of SKS Microfinance Ltd has hit a new low by declining 4.52 per cent to Rs 230.45 on the Bombay Stock Exchange on Thursday.

The lower circuit limit for the day is at Rs 229.30.

The stock of the Hyderabad-based company has been steadily sliding since last month from over Rs 500 driven by the consecutive losses being reported by SKS from the last fourth quarter of previous financial year.

There is also continued uncertainty over Rs 1,200 crore outstanding loan portfolio in Andhra Pradesh where the collections of old loans are only at about 12 per cent.

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