Continuing with the bullish stance on SKS Microfinance, foreign investors have hiked their stake in it to all-time high of 44.72 percent during the July-September quarter amid a sharp rise in the company's share price.
Continuing with the bullish stance on SKS Microfinance , foreign investors have hiked their stake in it to all-time high of 44.72 percent during the July-September quarter amid a sharp rise in the company's share price.
Foreign Institutional Investors (FIIs), which held 36.90 percent stake in SKS at the end of September 30 last year, raised their stake to 44.72 percent during the July-September quarter of 2014-15, as per the latest information available with the stock exchanges.
This marks the fourth quarterly increase in FII holding in SKS Microfinance, India's only listed player in the sector.
FIIs have been raising their exposure in the Hyderabad-based firm since June last year.
They had 35.83 percent stake in the micro finance firm at the end of June 30, 2013. Their
holding stood at a record low of 8.33 per cent during the June quarter of 2012.
In comparison, overseas investors had 44.61 percent stake in the microfinance firm in the June quarter this year.
In terms of numbers, the FII count jumped to 91 at the end of September quarter this year from 75 in the preceding three-month period.
There was over 8 percent surge in SKS share price between July and September, while the BSE benchmark index Sensex moved up around 4.78 percent during the period.
SKS stock was trading at Rs 316 per share on the BSE today. The company's scrip had touched its 52-week high of Rs 348.35 last month.
However, the stock had taken a major beating since its listing in August 2010 at a price of over Rs 1,000 per share.
There had been a major policy clampdown on micro finance institutions following a spate of suicides by small borrowers amid allegations of strong-arm recovery tactics adopted by them.
The company had debuted on the bourses after sale of shares in Initial Public Offer at a price of Rs 985 apiece.
Analysts believe that company's good performance on financial front and strong loan portfolio has helped FIIs to rush towards it.
During the quarter, SKS's net profit jumped to Rs 56.8 crore from Rs 16.3 crore in the year-ago period. Besides, the company's revenues rose to Rs 190.11 crore from Rs 129.95 crore during the three months ended September 30, 2013.
SKS Microfin stock price
On October 27, 2014, SKS Microfinance closed at Rs 316.40, down Rs 3, or 0.94 percent. The 52-week high of the share was Rs 348.35 and the 52-week low was Rs 140.75.
The company's trailing 12-month (TTM) EPS was at Rs 12.27 per share as per the quarter ended September 2014. The stock's price-to-earnings (P/E) ratio was 25.79. The latest book value of the company is Rs 37.86 per share. At current value, the price-to-book value of the company is 8.36.
Anda sedang membaca artikel tentang
FII stake in SKS reaches record 44.72% high in Jul-Sep qtr
Dengan url
http://kebugaranhidup.blogspot.com/2014/10/fii-stake-in-sks-reaches-record-4472.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
FII stake in SKS reaches record 44.72% high in Jul-Sep qtr
namun jangan lupa untuk meletakkan link
FII stake in SKS reaches record 44.72% high in Jul-Sep qtr
sebagai sumbernya
0 komentar:
Posting Komentar