Bharat Financial Inclusion was the top loser among the microfinance companies in today's session, with the stock falling 4.2 per cent, extending its yesterday's 6 per cent decline. This takes Bharat Financial Inclusion's two-day decline to 10.16 per cent.
Ujjivan Financial Services, Satin Creditcare Network and Equitas Holdings also fell up to 4 per cent.
Post-demonetisation of high value currency notes, shares of microfinance companies have been under pressure on fear that their collections would be impacted negatively.
"We maintain our negative stance on the sector. Collections across regions are likely to suffer with demonetization," the brokerage said.
Shares of Bharat Financial Inclusion, Ujjivan Financial Services, Satin Creditcare Network and Equitas Holdings ended on a weak note.
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