JP Morgan has cut the price target of SKS Microfinance from Rs 550 to Rs 200 due to its poor business outlook.
JP Morgan expects that the company will report a loss of close to 700 crores in the current fiscal year.
The SKS microfinance stock has reacted to this downgrade and the stock has corrected more than 16% to Rs 345 this morning.
15 Stock Investment Tips from Rakesh Jhunjhunwala
1. Always go against tide. Buy when others are selling and sell when others are buying. 2. If you believe in the growth prospects o...
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In USA over 80% while in India over 50% of trades are executed by trading algorithms. Beating trading algorithms, also known as algos, can b...
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1. Always go against tide. Buy when others are selling and sell when others are buying. 2. If you believe in the growth prospects o...
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