Monal Desai of Sunidhi Securities told CNBC-TV18, "SKS Microfinance corrected significantly and now it is consolidating around Rs 413-415. So, recommending a buy around Rs 415-418 for the March series for a target of Rs 445 and a stop loss at Rs 409."
At 13:49 hrs SKS Microfinance was quoting at Rs 416.80, up Rs 4.75, or 1.15 percent. It has touched an intraday high of Rs 418.60 and an intraday low of Rs 414.50.
Disclosure: Analyst has recommended the stock to his clients but personally hold nothing.
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