SKS Microfinance plunges 4% on Q2 loss

SKS Microfinance, a non-banking finance company, plunged on Tuesday after it has reported a net loss to Rs 2.62 billion for the quarter ended Sept 30, 2012 as compared to net loss of Rs 3.84 billion in the same period last year.

Total revenue has decreased by 36.33% to Rs 775.67 million for the quarter ended Sept 30, 2012 from Rs 1.22 billion in the year ago period. Shares ofthe companyare trading at Rs 115.50, down Rs 4.75, or 3.95% at the Bombay Stock Exchange (BSE) on Tuesday at 10:07 a.m.The scrip has touched an intra-day high of Rs 118 and low of Rs 114.25. The total volume of shares traded at the BSE is 95,243.In the earlier session, the shares rose 1.99%, or Rs 2.35, at Rs 120.25. Currently, the stock is trading down 47.09% from its 52-week high of Rs 218.30 and above 112.32% over the 52-week low of Rs 54.40.

Share Price Movement Period Pricein Rs Gain/(Loss) in Rs in % 1 Week 122.10 (1.85) (1.52) 1 Month 129.80 (9.55) (7.36) 3 Months 90.95 29.30 32.22 6 Months 100.00 20.25 20.25 1 Year 200.70 (80.45) (40.08) Note: Based on previous day closing price.