SKS Microfinance surges; Morgan Stanley starts at 'overweight'

Written by Reuters | Updated: Aug 28 2014, 15:27pm hrs
SKS Microfinance Ltd shares up 3 percent at 299 rupees.

Morgan Stanley initiates coverage with an "overweight" rating and a target of 385 rupees.

Says India's microfinance industry has $90 billion demand potential. * Adds SKS Microfinance Ltd is in a better position than most peers.