Stock to buy or sell: Yes Bank share price jumps 11% on strong Q1 results 2024 buzz. More steam left? | Stock Market News (2024)

FAQs

What will be the share price of Yes Bank in 2024? ›

Yes Bank Share Price Today Live Updates : Yes Bank stock price went up today, 29 Jul 2024, by 0.28 %. The stock closed at 24.97 per share. The stock is currently trading at 25.04 per share. Investors should monitor Yes Bank stock price closely in the coming days and weeks to see how it reacts to the news.

According to stock market experts, Yes Bank shares are rising after announcing strong Q1 results 2024 on Monday. They said Yes Bank has improved its CASA, meaning its funding cost decreased in the previous quarter.

The StoxBox expert said that robust asset quality, low credit costs, and loan book growth support a stable and potentially increasing profitability outlook. These factors have collectively led to increased buying activity, driving up Yes Bank share price.

If you hold more than 100 shares of Yes Bank, you are locked in for 3 years. You will not be able to sell it.

Mumbai, July 29, 2022: YES BANK today announced raising equity capital of ~$1.1Bn (~`8,900 crore) from funds affiliated with two global private equity investors - Carlyle and Advent International, with each investor potentially acquiring upto a 10.0% stake in YES BANK.

The highest price of Yes Bank Ltd stock is ₹32.85 in the last 52-week.

However, Gaba added that the stock, which closed on Tuesday at ₹23.67, needs to have a close above ₹30 on a monthly timeframe for having a breakout. "As and when that happens, that (the breakout above ₹30) will take the stock to ₹100, but it may take five years," Gaba said.

Will Yes Bank bounce back? ›

The bank is now getting back into shape. Let's look at the December quarter ratios for comparison. The LCR improved to 118% in December 2023. Gross NPAs have improved from 16.8% to 2%, a significant achievement given the high bad loan portfolio of the bank.

Shares of YES Bank have surged more than 10 per cent in 2024 so far, while the stock is up 45 per cent in the last one year. Disclaimer: Business Today provides stock market news for informational purposes only and should not be construed as investment advice.

The banking stock retraced from the intraday high after the profit-booking trigger and touched an intraday low of ₹25.36 per share on NSE. According to stock market experts, Yes Bank shares are rising after announcing strong Q1 results 2024 on Monday.

As of 2024-07-27, the Fair Value of Yes Bank Ltd (YESBANK. NS) is 2.05 INR. This value is based on the Peter Lynch's Fair Value formula. With the current market price of 25.02 INR, the upside of Yes Bank Ltd is -91.80%.

As of today (2024-07-30), the Forward Dividend Yield % of Yes Bank is 0.00%. Yes Bank's Dividends per Share for the three months ended in Jun. 2024 was ₹0.00. During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Yes Bank was 58.70% per year.

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