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This Article is From Aug 28, 2014

SKS Microfinance Surges; Morgan Stanley Starts at 'Overweight'

SKS Microfinance shares up 3 per cent at Rs 299 on Thursday. Morgan Stanley initiates coverage with an "overweight" rating and a target of Rs 385.

India's microfinance industry has $90 billion demand potential, says Morgan Stanley, while adding that SKS is in a better position than most peers.

Copyright: Thomson Reuters 2014

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