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SKS Microfinance gains on completing Rs 159.80 crore securitization

31 Mar 2014 Evaluate

SKS Microfinance is currently trading at Rs. 205.80, up by 1.85 points or 0.91% from its previous closing of Rs. 203.95 on the BSE.

The scrip opened at Rs. 205.00 and has touched a high and low of Rs. 205.80 and Rs. 205.00 respectively. So far 17,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 213.60 on 07-Mar-2014 and a 52 week low of Rs. 95.60 on 24-May-2013.

Last one week high and low of the scrip stood at Rs. 205.90 and Rs. 194.55 respectively. The current market cap of the company is Rs. 2,241.00 crore.

The promoters holding in the company stood at 27.90% while Institutions and Non-Institutions held 43.38% and 28.72% respectively.

SKS Microfinance (SKS) has completed its thirteenth securitization transaction during the current financial year of Rs 159.80 crore. With this, the total sum of securitizations completed for FY14 (YTD) is Rs 1,816.26 crore. The entire pool qualifies for priority sector treatment as per RBI’s priority sector lending guidelines.

The pool is rated A (SO) by a leading rating agency signifying adequate degree of safety regarding timely servicing of financial obligations. Such instruments carry a low credit risk.

SKS is a non-banking finance company (NBFC), registered and regulated by the Reserve Bank of India, whose mission is to provide financial services to low-income households. SKS operates across 16 states of India.

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