Continuing its rally for the third straight session, shares of
SKS Microfinance spurted by 10 per cent to touch the upper limit during intra-day trade on the BSE on Thursday amid a sluggish broader market sentiment.
The counter of the country's largest microfinance player saw brisk buying, helping the stock touch the upper circuit of Rs 360.35, up 10 per cent on the Bombay Stock Exchange (BSE). In the previous two trading sessions, the stock had also touched the upper circuit limit.
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 its recent gains, it had witnessed a freefall for 12 consecutive trading sessions, shedding nearly 48 per cent.
Meanwhile, the BSE Sensex was trading lower at 18,500, down 84.89 points.
--With PTI inputsDisclaimer: Business Today provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.
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