sks microfinance (Citi) Reducing Target Price: Asset Quality Pain Likely to Remain

Asset quality pain causes large earnings miss; Reducing earnings, target price, maintain Sell; AP loan book sees collections dry up; Need for MFIs still quite strong, but economic model needs to be fixed
Date Rating Target Price Recommendation Price Broker house
10 May 2011 sell 250 (from 605) 270 Citi Report

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