SKS Microfinance - what's up? and further views

Read through the AGM minutes of SKS Microfinance.

Here is my take on it.

All the resolutions seem normal

Vikram Akula has been retained the Chairman of the company. That should be good news for the company where rumors(?) have been floating that he is being asked to step down.

Since this fall in share price has been mostly based on the above reasons, see no reason for it to fall even further unless fundamentally its worse than what is being projected by the company.

I feel the stock should recover from hereon and should possibly reach earlier levels of around 500 odd.

I hold position in the stock and the above view may be biased.