Stock in Hyderabad-based SKS Microfinance jumped 2.12 per cent to close at Rs 125 a share on the Bombay Stock Exchange (BSE) on Wednesday, after foreign fund house Morgan Stanley Asia (Singapore) Pte bought 45 lakh shares in the Indian company for Rs 54.45 crore.

Following the announcement of share sale, the stock touched an intraday high and low of Rs 128.00 and Rs 120.05 a share respectively.

Morgan Stanley Asia (Singapore) bought the shares on average price of Rs 121 a share from Deutsche Securities Mauritius Ltd via open market transactions.

Earlier on Tuesday, the Royal Bank of Scotland (RBS) had acquired 50 lakh shares of SKS Microfinance in a bulk deal worth more than Rs 58 crore from Deutsche Securities Mauritius.

In July, Deutsche Securities Mauritius had purchased 95 lakh shares (9.15 per cent stake) of SKS Microfinance through qualified institutional placement route for around Rs 78 crore.

Total market capitalization of the Indian microfinance player stands at more than Rs 1,352 crore.