SKS Microfinance stock up 10% for second straight day

SKS Microfinance stock up 10% for second straight day

Mumbai: Shares of SKS Microfinance gained 10% on Wednesday afternoon after losing 34% over Friday and Monday.

SKS’ bounceback for a second consecutive day -- it had risen to close up 10% on Tuesday -- follows predictions of consolidation in the industry and a troubled outlook for the company for another two quarters.

The company’s stock was trading at Rs328.50 at 12:12 pm after recovering from its previous closing low of Rs271.45, reached on Monday.

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