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Microfinance Monitor Index Today Goes slow on Ujjivan, SKS

Microfinance Monitor Index today showed Ujjivan dovetailing to a low of Rs.354 half-an-hour after the markets opened but gained momentum soon reaching the levels of Rs. 364 before the market closure.

Ujjivan has been leading the microfinance market index since its foray into the BSE and MSE in May 2016 and Equitas has been closely fluctuating in the same range.
After SKS Microfinance, Ujjivan Financial and Equitas have gone the IPO route riding on the license granted by the RBI to open Small Finance Banks in India. Here is the market movement for microfinance firms today (June 8, 2016):

Microfinance firm Today’s Highest Price Lowest Price INR 52 Week High/Low in INR
SKS Microfinance
(SKSMICRO)
684.55 669 690.90/369.45
Ujjivan Financial
(UJJIVAN)
364.75 354.5 387.50/217.05
Equitas Holdings

(EQUITAS)

179.2 175.2 180.45/134.70
Muthoot Finance 183 178 288.90/154.00
Manappuram Finance 58.75 57.1 58.90/20.85

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