Yes Bank shares have shown notable fluctuations in the market. The current price stands at approximately ₹22.93, reflecting a decline of about 1.68% from the previous close of ₹23.32. Investors are keenly observing the stock’s performance amid ongoing developments concerning its financial health and potential stake acquisitions.
Main Points
Yes Bank’s stock has been experiencing a mixed trend recently. The stock opened today at ₹22.75 and has seen a daily high of ₹23.14 and a low of ₹22.68. The trading volume has been substantial, with over 64 million shares exchanged today, indicating significant investor interest despite the downward price movement.
Key Metrics Overview
| Metric | Value |
|---|---|
| Current Share Price | ₹22.93 |
| Previous Close | ₹23.32 |
| Daily High | ₹23.14 |
| Daily Low | ₹22.68 |
| Market Capitalization | ₹71,283 Cr |
| P/E Ratio | 49.53 |
| Book Value per Share | ₹13.31 |
| Gross NPA (%) | 1.70 |
| Net NPA (%) | 0.50 |
These metrics highlight the bank’s current valuation and potential risks associated with its non-performing assets (NPAs). The gross NPA ratio has shown improvement over the years, currently standing at 1.70%, down from higher levels previously, which is a positive sign for investors.
Recent reports indicate that Yes Bank’s plans for a stake sale may be delayed beyond FY25 due to ongoing negotiations with potential investors, including SMBC from Japan, which is interested in acquiring a significant stake. This uncertainty has contributed to bearish sentiment among analysts who suggest that key support levels are around ₹25,750, with resistance noted at ₹26,000.
Analysts are closely monitoring Yes Bank’s financial performance as it reported a year-on-year increase of 12.09% in advances, surpassing its five-year compound annual growth rate (CAGR) of 5.85%. Additionally, the bank’s annual revenue growth of 22.87% outperformed its three-year CAGR of 11.85%, indicating robust operational performance despite market challenges.
Price Action Expectations for Tomorrow
Looking ahead to tomorrow’s trading session, market sentiment remains cautious but hopeful for recovery. Analysts suggest that if the stock can maintain above critical support levels, there may be opportunities for short-term gains as investor confidence stabilizes.
The overall sentiment towards Yes Bank remains mixed due to external factors affecting the banking sector in India, including regulatory challenges and economic conditions. However, the bank’s improving financial metrics could attract long-term investors looking for value opportunities in the market.
