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SKS Microfinance Ltd scrip declined 1.88 per cent in the first hour of trading on the Bombay Stock Exchange on Monday.
After opening at Rs 96, the scrip was later trading at Rs 94.20.
The Hyderabad-based company’s board is meeting today and the fourth quarter and full-year results will be announced by the evening.
“Today’s results are crucial as the company has taken the adverse impact of Andhra Pradesh’s microfinance crisis for the full year,’’ said an analyst.
Last Friday, SKS Microfinance’s stock tumbled about 4 per cent after the company had informed the BSE that over 9.06 lakh shares were allotted to the founder and ex-chairman, Mr Vikram Akula, under the employees’ stock option plan.
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