SKS Microfinance recovers after completing securitization deal

SKS Microfinance, a non-banking finance company, recovered 1.5% on Friday after sharp fallinlast session.The companycompleted a securitization transaction of Rs 630 million pool, rated A1+ (SO) with a private sector bank.

This is the 8th securitization transaction in FY13. The company has completed securitization transactions aggregating pool value of Rs 8.66 billion in FY13. Shares ofthe companyare trading at Rs 142.50, up Rs 2.1, or 1.50% at the Bombay Stock Exchange (BSE) on Friday at 9:43 a.m.The scrip has touched an intra-day high of Rs 143.90 and low of Rs 140. The total volume of shares traded at the BSE is 26,495.In the earlier session, the shares declined 4.29%, or Rs 6.3, at Rs 140.40. Currently, the stock is trading down 28.36% from its 52-week high of Rs 198.90 and above 161.95% over the 52-week low of Rs 54.40.

Share Price Movement Period Pricein Rs Gain/(Loss) in Rs in % 1 Week 136.00 4.40 3.24 1 Month 172.35 (31.95) (18.54) 3 Months 136.60 3.80 2.78 6 Months 120.55 19.85 16.47 1 Year 134.00 6.40 4.78 Note: Based on previous day closing price.