J P Morgan has downgraded the stock and cut the target price of SKS to Rs 200 in its latest report. Among others, it says the business model is not sustainable, regulatory changes are not positive and there would be more losses in FY 12. First Choice saw all these a year ago. This is what First Choice had indicated while analyzing the IPO. We had said that the business is unethical and unsustainable. That the government / RBI will not be mute spectators to the exploitation. They are bound to regulate the segment. This will make the business un- attractive. This is what happened now.
WHAT J P MORGAN SAID ON SKS MICRO TODAY WAS TOLD TO INVESTORS ONE YEAR AGO BY FI(1 post)
Posted 5 years ago #
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