SKS Microfinance scrip closed the day 10.04 per cent up at Rs 99.20 on the BSE.
Intra-day, the stock gained 15.58 per cent to Rs 104.20.
On the NSE, the scrip settled at Rs 98.70, up 10.03 per cent from its previous close.
In terms of volume, 29.06 lakh shares of SKS were traded on the BSE, while more than 85 lakh shares changed hands on the NSE.
In the broader market, the BSE 30-stock benchmark Sensex ended at 17,412.96, up 215.03 points.
The company’s net loss narrowed down to Rs 39 crore in the quarter ended June 30.
SKS had a net loss of Rs 219 crore in the corresponding quarter of the previous fiscal.
“We raised incremental debt of Rs 1,360 crore in Q4-FY12 ...the write-off of Rs 1,128 crore on the AP portfolio cleansed the balance sheet,” S. Dilli Raj, Chief Financial Officer, SKS Microfinance, had said.
“Our immediate priority is to return to the path of profitability and with the capital raise we should reach there sooner than later,” S Dilli Raj said.
SKS Microfinance Ltd is a non-banking finance company (NBFC-MFI), registered and regulated by the Reserve Bank. It operates across 18 states.
As a provider of small loans, the company ran into rough weather last year amid allegation of using strong-arm tactics to recover its money, which led to tougher regulations that hit the sector.