SKS Microfinance hits all-time low

SKS Microfinance Ltd. shares crashed to an all-time low on Monday, December 20, 2010. Moreover, Citigroup also downgraded SKS from "HOLD" to "SELL" on Thursday and cut its earnings estimates to factor in reduced lending rates, higher funding costs and lower growth

SKS Microfinance Ltd. hit an Intra-day and its all time low of Rs.597 and finally closed at Rs.603.85, down 8.77% over previous day's close

SKS Microfinance had come up with an IPO in July 2010. Click here for more on SKS Microfinance IPO!