YES Bank shares have surged 10% over the past three sessions, touching a fresh 52-week high, as investors pile in ahead of quarterly earnings and amid renewed optimism following Japanese lender Sumitomo Mitsui Banking Corporation’s (SMBC) stake purchase. On Monday, the stock rose as much as 1% to Rs 24.25 on the BSE. The Mumbai-based … Read more
Private sector lender YES Bank on Saturday reported that its March quarter standalone profit rose 63.3% year-on-year (YoY) to Rs 738 crore while its net interest income (NII) surged 5.7% YoY to Rs 2,276.3 crore. Both the net profit and NII figures were above Street estimates. During the quarter, the bank’s interest income rose 2.3% … Read more
YES Bank shares jumped 32% in the week to witness a breakout with strong volumes, indicating a significant base formation on the technical chart. “The support for the stock is established at Rs 27, and any pullbacks towards this support level present an opportunity to initiate fresh long positions. Sustaining above the support at Rs … Read more
MUMBAI – YES Bank Ltd on Saturday reported a 47.4% year-on-year (YoY) growth in net profit for the quarter ended September to Rs 225 crore. Total income from operations increased by 25% on year to Rs 7,921 crore. Net interest income, the difference between interest earned and interest expended, declined 3.3% on year to Rs … Read more
Private lender YES Bank is expected to report soft numbers for the first quarter ended June, reflecting weak underlying business growth. While the net interest income (NII) is seen growing in mid single-digits year-on-year, it is likely to decline on a sequential basis with weak loan growth. Kotak Institutional Equities is estimating 6% YoY rise … Read more
NEW DELHI: Foreign institutional investors or FIIs are estimated to have splurged about Rs 44,700 crore in 9 stocks during the December quarter. The shopping list is dominated by bank stocks – , and YES Bank. During the quarter, FIIs nearly doubled their shareholding in retail favourite YES Bank from 12.15% to 23.24%. Calculations done … Read more
, part of the private sector banking space, might have wiped out over 90% from a 5-year time frame but managed to recoup some losses in 2022 as the stock rose by about 40% so far in 2022. Technical chart patterns suggest that the rally may not be over yet and it could well stretch … Read more
Stating that risk-reward is not justified to be positive at current levels, research firm Kotak Institutional Equities maintained a sell rating on with a fair value of Rs 16, which implies a downside of 28% from the current market price. Kotak Institutional Equities in its report said that “we are surprised at the valuation at … Read more
Shares of zoomed as much as 15%, scaling new 52-week highs during the Friday’s trading session on the back of heavy volumes and strong technical set up on charts. Furthermore, the bank has moved the National Company Law Tribunal (NCLT) to initiate a corporate insolvency resolution process (CIRP) against Digital Ventures, a wholly-owned unit of … Read more
New Delhi: Domestic equity markets settled higher during the truncated week, thanks to upbeat economic data which boosted the morale of traders. Benchmark indices – BSE Sensex and Nifty50 – added 2 per cent each, whereas midcap and smallcap gauges also added over a per cent each. Fear gauge India VIX dropped close to 7 … Read more