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SKS Microfinance shares rise

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Shares in microlender SKS Microfinance rose 5.75 percent to close at 714.45 rupees on Monday.

Shares took a beating on Thursday and fell 20 percent after the lender said the new regulations could squeeze profit and revenue. However, SKS on Friday said its balance sheet was healthy.

Rating agency CRISIL on Monday put 12 microfinance institutions on rating watch with negative implications, saying recent events can damage the business models of these firms.

Since October, shares in the firm have fallen more than 18 percent. Will you take advantage of this fall and invest in SKS?

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