Shares will be listed arround 1025/- at the opening.After that the price will go down to 800/-approx before closing at aroundm850/-.Now the media hype is over and it i advised to buy the shares after 4-5 trading sesions only.Then it would be available around 700-750/- per share which is the genuine price.
Leading microfinance player SKS Microfinance is planning to enter the banking space and is awaiting Reserve Bank of India's (RBI) guidelines in this regard to seek the licence, a source close to the development said.
"SKS Microfinance is likely to approach the Reserve Bank for a banking licence once the guidelines are issued," the source told PTI here today.
SKS Microfinance eyes banking foray http://www.business-standard.com/india/news/sks-microfinance-eyes-banking-foray/91601/on http://indiamicrofinance.com/sks-microfinance-mulling-conversion-bank.html
@ 1078 sj is not me.....i never said sks has applied for banking liscence....and neithr shud....it...guys if sks..aplies...for banking liscense....its growth...willl be hampered...it will be better..offf...if rbi changes policy pending with it of...allowing nbfc...........to accept..public.....deposits..................plz...,dont spread......false..rumors....,,,,,,sks has not applied for banking liscence...................
Prince Bhai, SKS will list around 1060.HNI break even is also 1060-1065.As Long as it is above 1065 it may move to 1150-1200 & MORE.So put stop loss at 1050 & just see how it goes.There is very good appetite for SKS & hence it will give good gains due to scarcity premium & high growth projection.You may book profit in 1150-1200 range.Opening is very important,if opening is poor like SJVNL all bets are off as there will be HNI & Retail selling pressure below 1050.