SKS Microfinance rallies, stock hits upper limit on bourses

The counter of the country's largest microfinance player saw brisk buying, helping the stock touch the upper circuit of Rs 327.60, up 9.99 per cent on the Bombay Stock Exchange (BSE). In the previous trading session, the stock gained about 10 per cent.

On the National Stock Exchange, the scrip shot up by 10.01 to touch the upper circuit of Rs 328.50.In terms of volume, over 49 lakh shares of the company were traded on the bourses during the early part of the session.

The stock took a beating in the recent past. Prior to yesterday's gains, it had witnessed a freefall for 12 consecutive trading sessions, shedding nearly 48 per cent.
Meanwhile, the BSE Sensex was trading flat at 18,540.99 in noon trade

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