SKS Microfinance surges; Morgan Stanley starts at 'overweight'

Aug 28 2014, 09:57 IST
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SummarySKS Microfinance Ltd shares up 3 percent at 299 rupees.

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.

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