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SKS Microfinance share price rises by Rs 60 on expectations of good results

SKS Microfinance’s stock price rose by Rs 57.75 at the end of yesterday’s trading. The stock was up by 5.34 % on the expectations that it will report better than expected results.

The Stock made a high of Rs 1164.30 and a low of Rs 1071.00 in the days trading before closing at Rs 1140.00.SKS Microfinance’s stock had previously closed at Rs 1082.25 on the National Stock Exchange.

The board of SKS Microfinance is likely to meet on October 22 to consider its quarterly results.The annual general meeting date too is expected to be decided by then and shareholders are expected to be given atleast 21 days to decide on Suresh Gurumani’s role in the company.

The board meeting is expected to be a stormy affair with early reports indicating that ousted CEO of SKS Microfinance, Mr Suresh Gurumani intends to attend the Board Meeting.

sks microfinance results

Stock Price of SKS Microfinance at the end of trading on 20th Oct 2010

Source :
Indiamicrofinance.com
 
For more information on Microfinance Click here
 
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