SKS Microfinance Ltd IPO (SKS Microfinance IPO) Detail

Employees selling lock, stock and barrel

http://www.bseindia.com/stockinfo/anncomp.aspx?curpg=2&scripcode=533228

650 RS. SKS

KAMINA SJ SABKO LOOTAWA GAYA...

HARAAMKHOR... SABKO KUTAWA GAYA...

Sks micro finance is down to rs. 819 where is Sj

they charge intrest between 20 to 25 percent on rulers how disgusting this is they must be banned on giving loans they abusing the ruler RBI should act in this bank charges 9 to 10 percent
sell sks this has nothing in it so we can buy this share

the baloon of sks has burst now.
The well typed stories of Mr Vikram Akola founder is no longer valid or seems a scam?
Mr Narayan murti is also involved in this where investors have lost.
This is very sad incident.

AS PER ECONOMIC TIMES


MUMBAI: Shares SKS Microfinance fell below their issue price on Monday, weighed down by concerns of regulatory restrictions in the near future. The stock crashed to an intra-day low of . 894.70 — . 91 below the issue price of . 985 — before narrowing the losses to close at Rs 1,005, down 4% over its previous close.

Brokers are advising clients against buying shares of the company till there is clarity on microfinance regulations. According to them, rising regulatory interference , lending controls and the threat of rising non-performing loans could hurt the company’s financial health. “The basic business model itself is under pressure,” said Sanjeev Patni , head-institutional equities, Centrum Broking.

“There will be curbs on lending limits and interest rates (charged on borrowers) once a new regulator is appointed. Microfinance companies won’t be able to use aggressive means (like coercion) to collect money from borrowers. All these factors will impact earnings,” he said. Brokers tracking the stock say that current valuations can be justified only if there is strong credit growth, stable return on assets and very low default level, which can’t be more than 2%. However, investment advisors are of the opinion that SKS will not be able to maintain its growth if lending rates are capped and collection process relaxed.

“Capping of lending rates will result in yields on advances declining by 2%, from 26% to about 24%. Restrictions on aggressive collection methods will result in NPAs moving up. These factors will bring down returns on assets, which, in turn, will have an impact on returns on investments,” said Manish Sonthalia, senior VP-fund manager, Motilal Oswal Securities .

According to Mr Sonthalia, investors can consider buying the stock if it falls by another . 300 from current levels. Hyderabadbased SKS Microfinance found itself under the media glare after its board terminated the services of its CEO Suresh Gurumani without giving adequate reasons.
The matter snowballed into a major crisis after Sebi sought an explanation from the MFI for the reasons behind sacking Suresh Gurumani. Amidst reports of rampant mismanagement , partial disclosures at the time IPOs and low CSR quotient , the finance ministry announced its plans appoint a microfinance regulator and curb practices like overcharging borrowers and forceful collection of borrowed money, across industry.

Dear 1305

I also wanted to sell when sks was trading at 1300-1400 but thought it might be unique theme & could command a scarcity premium. Not to say but was also little influenced by Sj's strong recommendations though I believed that stocks don't work according to his excel sheets. These excel sheets don't capture any risk factors like regulatory risk this company and sector on a whole is facing.

Finally, when i saw it going below issue price, making a low of 890, I decided enough was enough and it important to protect one's principal first and the moment it recovered a bit, I sold it off at 1020 odd level. At least I did not loose anything. But learnt a lesson that believe in your gut instincts and don't get influence by anybody's views. And if some bad news or controversy surrounds any company you own, just sell it off. There is no dearth of good stock ideas in this market. Why get emotional about any one !!

Sats

Where is SJ & his excel sheet analysis.Is there any modification or you stick to your target of 1600 after october results.October results have come & gone & SKS has come down below Issue price.I have brought SKS at IPO but did not sell based on your recomendation.Now at least tell me honestly whether I should sell at 1010 at least or hold on to it.

sks went below the ipo price

Look at the price of SKS Microfinance Ltd.
1030 can we buy?

Please advise experts......

Regards,
Nirav

I am surprised JNU alumni has infiltrated Chittorgarh also. Bangladesh Gramin Bank though succesful is based on subsidy model. Any such model is not sustainable in the long run unless the tax payers are robbed by the govt of their hard earned money. The interest rates are high becuse of transaction cost of originating and servicng small loans. Even a fool knows the rate for 1 kg of sugar is higher than for a ton.

Poor are not served by banks. infact any govt involvement is recipe for disaster for the institution as well for the poor. The actual cost of borrowing from govt programs is higher than micro finance rates if you add the bribe and other cost. It so foolish to think that those who serve the poor should be paid less and big bankers are to be paid well and with ESOps The poor also need the service of experts. the Ap govt, if comes under JNU influence willdrive the poor back to the money lenders and ruin the small and tiny enterprises

dear ipo garv

we need more people like you

just going thru your all posts was awesome

a respite from stupid anonymus posts

gem bhai i am sure ipo garv is also on mmb

so my point that mmb is better

hecne proved lol

ipo garv i am not passing any judgment on you.....so dobt ake it on your ego

just admired your posts so acknowleging

regards

and keep shedding more light oh ipos like this

your admirer

setu sj

RBI, State Govt, Finance Ministry deliberately on regulation of MFIs, trying to bring more transpareny especially in recovery methods adopted by MFIs. This is welcome move.

However, there is no doubt, interest rate charged by private moneylenders in villages is substantial higher compared to MFIs.

Cost of operations is higher compared to PSU Banks which are reasonably networked through their branches or through sponsord RRBs.

Another understanding discussing with my servant who hails from one of village from eastern UP, there is indirect cut by Bankers (staff) while lending the money, making indirect cost higher for the borrowers. For getting him married, he would be borrower 50K from his known friends and relatives, lending rate 5% per annum.

on SKS, the largest MFI is under media, political and regulator glare, has strength in reach,having economy of scale in its favour. More regulations though warranted for development of industry in longer time, however would impact negatively aspirations of small players in raising the capital and hence expanding their businesses. So less competition to SKS.

One more thought, going through SKS heading this week. Legends like My Murthy and Mr Premji have floated PE funds, to get returns on hard earned money they accumulated for themeselves pioneering business IT sector. Have they failed to some extent in identifying the partners/players, SKS and Subhiksha. or the businessmen, promoters like SKS (Mr Akula) and Subhiksha (Mr Subra) have roped them to join them for raising money from public to bring credentials. First got successful in raising money and second got bust.

It is just observation, deliberating with self.


regards

Purchase maximum SKS Microfinance -- expected Rs. 1500 within a month & 2000 within 6 to 8 months

what has happened to such an good stock?
The sacking of MD should be an easy affair .
Company run byits ideals not on whims of any person.
If it was true then Reliance Tata would have came to end after demise of main person bu it is not the case.

Dear Boarders

A good quality stock will always come to its fair price

Tata Motors at 200 in 2008 was being abused by investors for Nano ....by Mamta Banarjee and For Jaguar Land Rover by ANalyats

Today Tata Motors is 1,000 rupees

Now someone who had bought Tata Motors formally known as TECLCO at 500 in 2007 and the n seen it go 60% down

Would have gone frustated just as he is going frustated by buying SKS at 1400 coz he missed it in the first place thanks to nagative comments of people on SKS blog that it is bad business (forget ethics)...he is now getting frustated. Very much evident....!!...

Now he is encouraging exsisiting shareholders from selling it in panic so that he can buy it at his imagined price of 600...lollllll


There is nothing called safe bet . This is the first misunderstanding of retail.Fund managers take advantage of this fact and sell defensive mutual funds and talk about defensive safe bet in long term...

Thats completely false

Jub market crash karta hai TO WOH ITC KE SHAREHOLDERS KO YEH NAHI BOLTA KE,....BHAI ITC.....tereko log defensive stock bolte hain

MAIN CRASH HO RAHA HUN.....!!

TU TO DEFENSIVE...
.
AGAR TERI PERMISSION HOO TO TEREKO BHI CRASH KARUN...KYA....LOL...!!



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There is either Undervalued scrip or Overvalued script


There is either a Good Quality Stock or Bad Quality stock.

An Undervalued stock that is Good quality is so called defensive and can be most profitable coz it may go overvalued later and then you sell it....!!

A Overvalued Stock of Good Quality is Risky but not damaging coz price will return to purchase price after correction or forward.

A Undervalued bad quality stock can be speculative for trading purposes and deserve to stay undervalued.

A Overvalued bad Quality stock is Suicide.

Just follow these four principles of investing and screening stocks then you will forget words like Crash....for rest of your life...

The higest return is made i.e. Multibagger returns are Made in Undervalued Good Quality Stock or some stock that is Undervalued and is going to be of Good Qualty stock in future.

This is no copy paste. As i am MBA Finance also this is my personal theory learnt after 10 years of struggle.in Markets....!!

So, forget about Crash Fash in SKS microfinance. That is the reason with due respect that Retail Guy always stays Retail and never became HNI

Coz had he learnt just these small four principles. He would also had turned into HNI.....LOL...!!
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Regards

Setu (Sj)

This is for the critics of SKS and Microfinance Who were predicting Gloom Boom and then Doom about SKS..and MFI industry please read this article below

Interest rates will not be controlled by AP government but by Centre. Finance Minister Pranab Mukhrjee has already promised to give liscence to MFIs and changing reulations through RBI to help thenm reduce their interest rates.

I have so many times explained the interest rate issue

Let me explain again:--


If you want to service a customer at his doorstep in remote villages then the cost of capital that includes the expenses incurred to bring money from banks to these rural people at their doorstep is breaken up as folows:

26% Interest rate charged by SKS on average comprises:

12% interest to access capital from Banks

6% interest to reach rural people that includes transportation, paperwork, repeat visits, employee costs, branch maintenance costs etc

So 18%

then 2% is kept as provision for risk of default...

so 20% is just costing

26%-20% that is 6% is return on assets of SKS

Even if they reduce it to 24% as they have said instead of 26% still they will earn 4% ROA..

Globaly Big MFIs dont have more than 1% ROA many have negative..

I will explain you all this and send people report of

"Inverting the Pyramid 2010" by Intellcap which is a body making reports of MFIs last 5 years and is Bible for MFI Industry

Plz take my m a i l by filtering post and seeing my profile

This 50 page report that i bought from them for 1000 rupees was enough for me to sleep after applying for Micro finance in the first place

Some people who already Know me on SKS blog also now that i had given Saharanpurji the conclusions or summary of Inverting the Pyramid report of Intellcap on MFIs...

That can be checked by filtering posts and seeing posts before ipo was open for subscription dates on SKS blog


Here is the article of Hindu Business Line that is no harm to SKS.

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MFIs told to register with local authorities
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AP Governor approves Ordinance.






Our Bureau

Hyderabad, Oct. 15

The Andhra Pradesh Micro Finance Institutions (regulation of money lending) Ordinance, 2010, approved by the State Governor, Mr E.S.L. Narasimhan, on Friday, seeks to regulate MFIs, making it mandatory to register with local authorities, while having stringent punishment for coercive methods of collection of dues.

The Ordinance passed today in the wake of nearly 40 deaths allegedly due to harassment by MFIs on loan dues, also has provisions to create fast-track courts in consultation with the High Court of Andhra Pradesh, with an express provision for disposal of cases within three months.

Briefing newspersons here today, the State Rural Development Minister, Mr Vatti Vasantha Kumar, said that there is no place for musclemen in collection, only authorised agents whose names have been enrolled with the local authority can recover dues. In addition, recovery agents do not have any right to visit the premises of the defaulter. Instead, they have to approach them through local leader.

The ordinance provides that the interest amount should not exceed the principal amount. This provision was expressly incorporated in the ordinance as reports suggest that the interest rate was as high as 52-54 per cent in some instances, the minister said. The MFIs now have to register with the local authority and display the interest collected prominently. There is no provision for hidden costs, which some of the MFIs are stated to be levying on helpless loan seekers, he said.

Toll free helpline

Every year, MFIs will be issued a fresh licence by the local designated authority. The Government will provide a toll free helpline 155321 to register complaints against MFIs and their high handed behaviour in collection of dues.

Since the interest rates collected by MFIs are governed by Central enactments and Reserve Bank of India guidelines, the Minister clarified that they have no role to play in fixing interest rates. As thousands of borrowers have taken more than 3-4 loans resulting in financial burden, the Government has now decided to put a cap of two loans.

The punishment for violations of provisions could mean imprisonment of up to three years and a fine of about Rs 1 lakh.

While the State has decided to offer debt swap of MFI loans, the Government is yet to arrive at the total quantum of funds people have borrowed from MFIs. When questioned, the Minister said they are still in the process of assessing the extent of total amount lent by the MFIs in the State

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This one came today just read it an hour ago on The Hindu Business Line

No threat of investors exiting: SKS Micro chief
Scrip slides 6.79% on the BSE.

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Mr Vikram Akula,Chairman, SKS Microfinance, addressing a press conference in Hyderabad on Friday


Our Bureau

Hyderabad, Oct. 15

Institutional investors are in no mood to exit from SKS Microfinance Ltd, despite the recent controversy surrounding the removal of its CEO, Mr Suresh Gurumani, and the Ordinance to curb illegal activities of micro-finance institutions (MFIs) in Andhra Pradesh, according to the company's Executive Chairman, Mr Vikram Akula.

Speaking to newspersons here on Friday, Mr Akula said that their investors continue to repose faith in SKS. On Friday, the Hyderabad-based company's scrip declined 6.79 per cent on the Bombay Stock Exchange to close at Rs 1,130.30, on news of the Andhra Pradesh Governor passing an ordinance imposing restrictions on MFIs. The restrictions include a cap on sanctioning more than two loans and stringent punishments for coercive methods of recovery.

The Reserve Bank of India has also announced the constitution of a sub-committee to look into the functioning of MFIs.

Post the intial public offer in July 2010, the institutional investors in the company include Sequoia Capital (15.1 per cent), Sandstone (10.7 per cent) Kismet (I&II – 13 per cent), among others.

The public shareholding is at 21.5 per cent, while the promoters group has about 37 per cent. On the proposed ordinance by the Andhra Pradesh Government, Mr Akula said it was welcome as some “rogue” MFIs could be reformed, which would help “good companies like SKS.” On the likely cap on interest rates, he said that all NBFC microfinance institutions were being regulated by the Reserve Bank of India, which supported deregulated interest rates.

According to Mr Akula, SKS was charging “reasonable” interest of 26 per cent, and added that the company was ready to bring it down further by 2 per cent, if directed by the RBI or the Government to do so. Even though 17 out of the 25 people who committed suicide in Andhra Pradesh in the last one month, allegedly due to harassment, were SKS clients (according to Government data), Mr Akula said, “They committed suicide after paying. They were not defaulters.”

About 25 per cent of company's total outstanding portfolio of Rs 4,570 crore comes from Andhra Pradesh. It has 7.3 million clients. The SKS board will take a decision soon, on convening an EGM to remove Mr Gurumani from the post of director.

On the reasons for removal of Mr Gurumani as MD and CEO, Mr Akula said that “inter-personal conflicts” were behind the decision.

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Industry slams SKS for poor handling of CEOs ouster


A day after the board of SKS Microfinance clarified on the sacking of their former MD and CEO, industry players feel that it could have been handled in a better way. CNBC-TV18’s Gopika Gopakumar gives a low down.

This is not the first time the microfinance industry has come under wide scrutiny. After accusations about charging higher interest rates, the industry now has to face charges of lack of corporate governance.

This is after Vikram Akula and the board of SKS Microfinance sacked their MD and CEO, barely two months after the company's mega listing.

The industry is divided on how much this issue will hurt the sector. Some players like Vijay Mahajan of BASIX strongly feel that the negative publicity due to acrimonious exit of Suresh Gurmani puts the industry in bad light

But the industry body of micorfinance institutions has a different take.

Alok Prasad, CEO, MFIN, said, “From an industry stand point SKS is an important player. And it is not unusual where large corporates have certain reality or a situation at the top management level that there can be differences or disagreements on some matters and as a consequence there is a management change of some kind. Therefore in many ways, I would regard as a sign of a large clearing being done, getting to a certain stage of evolution.”

“To my mind this is not something which one has to regard as being very unusual or something which is necessarily a matter of great concern,” he added.

Industry players also say they are yet to see the second phase of growth which according to Akula was one of the reasons behind Gurumani's exit. The industry says the second phase of growth will happen only when MFIs start lending in truly interior places like north east.


SKS in damage control mode: Explains Gurumani's ouster


Following weeks of media speculation about the termination of former MD and CEO, SKS Microfinance clarifies the reasons for the termination, reports CNBC-TV18’s Gopika Gopakumar.

After days of negative publicity following the termination of the former MD and CEO, Vikram Akula got into damage control mode on Tuesday. Akula went by a well-written script which tried hard to justify the acrimonious exit of Suresh Gurmani. He and his board members clarified that it was interpersonal conflicts between Gurumani and other senior officials that led to Gurmani's termination.

Akula also said that Suresh Gurumani lacked enough understanding of the microfinance sector.

“We have been piloting a lot of projects which relate to secured products like housing loan, lending against gold etc. In order to lend to the customers, one needs a good understanding of customers, how they behave and how they think. That's where the board felt that in the light of growth looking at those products someone like MR Rao with four years of experience and combined with me would be the right team to lead,” he clarified.

But questions persist: Wasn't the board aware of the simmering tension between Akula and Gurmani before the company's mega listing in August? No, said a board member. The decision to terminate Gurmani came up only after the IPO and after Akula was elevated as chairman.

Sumir Chadha, MD, Sequoia Capital, said, “CEO terminations happen all the time—CEOs don't last forever. It doesn’t mean that the board has done a poor job. I think the job of the board is that we are taking care of our constituents—the poor women borrowers, employees and shareholders.”

This may not be the last one hears of this affair. Gurumani is determined to take SKS to court to extract a handsome severance package. Even if he succeeds, that monetary blow will be minor for SKS, compared to the corporate governance blow it has suffered on account of this boardroom battle.


SKS Micro adds 5 lakh new members, 237 branches in Q1

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In a surprise move, SKS Microfinance terminated its Chief Executive Officer & MD - Suresh Gurumani, with immediate effect. Chief Operating Officer MR Rao has been named as the new CEO for three years. Promoter Vikram Akula is back to playing an executive hands-on role at the company. Sources close to the development say differences with the CEO led to his termination. The stock took a beating at the exchange on the back of the news and slid close to 6%.

In the company's first earnings conference call since listing, the MD designate said, "We have had an excellent first quarter at the unit level backed by an excellent operating performance. In terms of growth drivers we added 237 branches, 50% for the target year as a whole. Headcount increased by 2159 and 98.5% of the addition to the headcount was at the field level."

Member base increased from 6.78 million as of March 2010 to 7.28 million as of June 2010, he said, a net accretion of about 500,000 members. Borrower base increased from 5.7 million to 6.23 million members.

Q1 return on asset at 6.4%: SKS Microfinance

SKS Microfinance has announced its results for the quarter ended June 2010. It has reported profit after tax (PAT) of Rs 67 crore, a growth of 265% (YoY).

Its net sales rose 92% to Rs 284 crore versus Rs 148 crore.

In an interview with CNBC-TV18, Dili Raj, CFO, SKS Microfinance, spoke about the results and his outlook for the company.

Here is the verbatim transcript of his interview with CNBC-TV18's Latha Venkatesh and Reema Tendulkar. Also watch the accompanying video.

Q: Can you take us through what has been an net interest income (NII) and your net interest margin (NIM) performance compared to a year ago?

A: In terms of operational highlights, we have been able to add up 237 branches and member base is at 7.28 million, revenue growth of 80% and bottomline growth of 265%.

NIM is actually not very relevant to our business because as you know this is a credit extension model. The operating cost overwhelms the funding cost. So, I would request and recommend that we go with return on asset that would be more appropriate metric.

In terms of ROA, we are at 6.4% for the quarter compared to 4.9% for the whole of last year. If we wait to normalize for the assigned loans, the off balance sheet, the ROA for the whole of last year was 3.7% that has also increased to 5%.

Q: I admit that NIMs is perhaps not rightist measure, but your investors are savvy enough to make that distinction, we would still like to know what your numbers are.

A: I will give you yield metrics also, for the year the interest yield was 25.2%, financial cost has reduced to 6.6% for the quarter. So, you are talking of an operating cost of 11.4%. Loan rate has reduced to 1.1% from 1.5%. So, in terms of NIM, you could still say that it is 25% minus 12.5%, NIM is in the region of 12.5%.

Q: SKS has been on a rapid growth trajectory could you tell us what the disbursements have been this quarter?

A: For this quarter, I think the incremental disbursement was in the region of Rs 2,283 crore.

Q: Compares with what the quarter ago or a year ago?

A: Year ago it was Rs 1,263 crore. One is talking about a year-on-year growth of 81%.

Q: The is the reason why I asked you what NIMs was, a month ago or maybe three-gour weeks ago the government has written to a lot of state owned banks stating that they be sensitive to the kind of interest rate charged by the parties to whom they lend and 24% was the cap that they were recommending to the state owned banks themselves in terms of the interest at which they lend to the final borrower. We understand that the Reserve Bank also is getting in touch with microfinance institutions and advising them or persuading them to cap their lending at 24%. What is your top level lending at this point in time and have you received such a request?

A: In terms of separating facts and fiction, we have not received any such letter from Reserve Bank of India or for that matter even any communication from any public sector banks. But let me respond to the core issue. The first and foremost thing is why we have started talking about operating cost is no discussion on interest rate on micro finance is complete unless or otherwise you focus on funding cost, operating cost and also the risk margin.

If at all there is one lesson, we should learn from the subprime privates, that is not pricing the risk correctly. That is the issue. So, our request is that let us put all the three variables on the table, if ever we have a debate on the interest rate issue.

The business model is such that you want to deliver those door step services to your members in the rural areas, you do not want them to be dragged into your branches because that translate into travel cost and most importantly could interrupt their wage day. So, the answer to that is that you got a delivery model where your bottom may be structured, today as we speak the head count is 26,000. So, that poses constrain on the operating cost.

You referred to the public sector banks communication, it is very clear that MOF is writing to them in the capacity as a stakeholder rather than regulator. So, the fine line I am drawing here is that it is not a regulatory communiqué but it is a stakeholder communiqué.

Also, public sector banks would look at this, any kind of cap like this would shut out of shut the door on smaller MOFs. For large microfinance like us where we always look for efficiency reduced the predict cost and we have been passing on the benefit to the customers in the past, it is not really a major issue.

Q: What is the top level interest rate that you offer? If it were capped at 24% for whatever reasons and under whatever circumstances, what may be the impact on parameters like ROA and NIMs?

A: There are dual rates, 26% in certain states where we have seen they have reached a critical mass and 30% in other states. So, the national average would be 27.3%. So, if we were to argue that it is 24% reduce to 24%, 3.3% reduction that would be a pre-tax, the post-tax number could be around 2%. That would mean reduction in ROA, but that is the position as of now. I guess any of these model revisions would give sufficient transition period. So, down the line two-three years we do not see.

Q: How has been the asset quality, any loan loss provision that you had to take in this quarter? You spoke about the ROA being the parameter from 6.4% that you did this quarter, can we scale it higher by the end of the year?

A: First on your loan loss. Loan loss for the quarter reduced to 1.1% from 1.5% for the whole year. We had some good news on the gross and net non-performing assets (NPA). As such our gross NPA is 0.33%, at the end of FY10 was probably the lowest in the country, but this quarter it has further reduced to 0.23%.


SKS Microfinance Q1 PAT up 265% at Rs 67 cr

SKS Microfinance has announced its results for the quarter ended June 2010. It has reported profit after tax (PAT) of Rs 67 crore, a growth of 265% (YoY).

Net sales rose 92% to Rs 284 crore versus Rs 148 crore.





Gross income rose 82% to Rs 314 crore and networth stood at Rs 1,016 crore as on June 30, 2010.

Capital adequacy ratio was at 25% as on June 30, 2010. Incremental loan disbursements stood at Rs 2,283 crore, a growth of 81% (YoY).

Gross loan portfolio stood at Rs 4,578 crore as on June 30, 2010.

DEAR SHAREHOLDERS

(I am not talking to non shareholders of SKS here)

Where is the problem...?

Why are you panicking...?

Has all sanity left Chittorgarh..?

Are other experts who are also my friends dead....?

Cant they help boarders here..?

Anyways

Read above and sleep well

As of today i hold 1250 SKS shares (1000 shares originally from Grey)

Did not sell a single share

Next time filter my posts

If dont know how to then go and learn it

Else dont ask same question 1000 times...Ok..!!

Anybody wants to sell SKS Micro shares who still holding

Plz sell

SKS doesnt want shareholders like you who do not see above facts

And if frustated due to temproray losses

Anyways let me talk to my other intelligent freinds here


GEM bhai start adding now

1135 1065 985 750 (Worst case is 750...impossible to catch this price ......if lucky plz catch)

Exit points 1183 1225 1287 1346 1435

This is for GEM whoz IQ is 100 out of 100

Not for any one other boarder who is a short term trader ....OK

Regards

Setu

Hello SJ!!


I AM HOLDING AROUND 150 SHARES OF SKS MICROFINANCE AT YOUR BELIEF.

IT HAS COME DOWN SO MUCH. ARE YOU STILL BULLISH ON THIS. NOW I HAVE A FEAR OF LOSING MONEY ON THIS COUNTER.

KINDLY BE GENEROUS AND RESPONSIBLE AND GIVE YOUR THOUGHTS. SHALL I CONTINUE TO HOLD OR TAKE PARTIAL PROFITS OUT OF IT??? I WILL BE GRATEFUL TO YOU.

PLEASE, PLEASE COME UP WITH YOUR VIEW SJ.