SKS Microfinance Q4 profit at Rs. 2.70 crore

According to Sudarshan Sukhani of s2analytics.com short-term trader should take the profits and move out SKS Microfinance.

According to Ambareesh Baliga of Edelweiss Financial Services, SKS Microfinance is still a buy at current levels.

SKS Microfinance is currently trading at Rs 134.20, up by 6.55 points or 5.13% from its previous closing of Rs 127.65 on the BSE. The scrip opened at Rs 134.90 and has touched a high and low of Rs 138.80 and Rs 132.50 respectively. So far 421864 ...

Sudarshan Sukhani of s2analytics.com said one could go long in SKS Microfinance and keep a stoploss to protect the trade.

Rajesh Agarwal, Head of Research, Eastern Financiers Limited is of the view that one can hold SKS Microfinance for one year and can expect the target of Rs 160 for the stock.

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The market opened in positive terrain after the massive rally on Wednesday. The Sensex was up 26.94 points at 20017.12 while the Nifty gained 4.80 points at 6074.10. Experts warn that the market may run into choppy waters in the near-term.

SKS Microfinance shares rallied 6 percent in early trade Thursday, after it delivered a good set of numbers in fourth quarter. Profit came in at almost Rs 3 crore as against a loss of Rs 330 crore on a year on year basis.

SKS Microfinance, the biggest micro-lender in the country, is set to post its first full-year profit this fiscal after regulatory changes hit its business in 2010.