Yes Bank Share Price | Yes Bank shares will not stop now, bullish signs, experts gave BUY rating, note the target – NSE: YESBANK
Yes Bank Share Price | Shares of Yes Bank Ltd. after its second quarter results on Saturday (NSE: YESBANK) accelerated. Yes Bank shares registered a rise of about 10 percent on BSE. Yes Bank shares gained strongly on Monday after it reported positive second quarter results on Saturday. After the positive results of the second quarter, experts have given important advice regarding Yes Bank shares. (Excerpt from Yes Bank Limited)
Current status of this bank share
Yes Bank shares had closed at Rs 20.66, up 6.60 percent on Monday, October 28. The share opened at Rs 20.35 on Monday. On Monday also a high of Rs 21.29 was touched. Yes Bank Limited currently has a total market capitalization of Rs 64,320 crore. According to stock market experts, Yes Bank has performed positively on year-on-year basis. Therefore, there are signs of bullishness going forward. On Tuesday, October 29, the stock was trading at Rs 20.50, down 0.19 per cent. On Wednesday (30 October 2024), the stock was trading at Rs 21.1, up 1.64%.
yes bank share target price
Experts of Choice Brokerage firm said, 'Yes Bank share has strong support at Rs 18. However, it is advised to invest in Yes Bank shares with a stoploss of Rs 16. According to Choice Brokerage Firm experts, if Yes Bank share crosses Rs 21, then it can first go up to Rs 24 and then Rs 26.
Yes Bank profit of Rs 553 crore
Yes Bank on Saturday said its net profit has increased by 145 per cent on a year-on-year basis. Yes Bank made net profit of Rs 553 crore in the second quarter. Yes Bank Limited had earned a net profit of Rs 225.21 crore in the same quarter last year. Yes Bank's net profit has increased by 10 percent on a quarterly basis. Yes Bank earned Rs 2,200 crore from net interest in the second quarter. This is 14.3 percent more year-on-year. The NPA of Yes Bank Limited has also declined. According to the latest data released by the bank, NPA in September was 1.6%.
How much return did the stock give?
Yes Bank shares have fallen 23.76% in the last 6 months. It has given 29.53% returns in the last 1 year. The stock has declined 68.98% in the last 5 years. The stock is down 8.79% on a YTD basis.
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