Yes Bank’s share price has shown a slight decline, closing at ₹22.42, down by 0.31% from the previous day’s close of ₹22.49. The stock has experienced fluctuations throughout the day, with a low of ₹22.37 and a high of ₹22.58. This performance reflects a broader trend of volatility in the banking sector, particularly affecting Yes Bank’s position in the market.
Main Points
As of today, Yes Bank’s market cap stands at approximately ₹70,499.14 crore. Over the past month, the stock has seen a decline of about 6.07%, and it has dropped 6.82% over the last three months. Investors have noted that this downward trend continues despite some positive indicators in the bank’s financial health.
From a technical standpoint, Yes Bank’s daily pivot level is set at ₹22.46, with resistance levels identified at R1 (₹22.54), R2 (₹22.67), and R3 (₹22.75). On the support side, S1 is at ₹22.33, S2 at ₹22.25, and S3 at ₹22.12. The moving averages indicate short-term challenges, with the 5-day Simple Moving Average (SMA) at ₹23.23 and the Exponential Moving Average (EMA) at ₹22.72.
Investor sentiment appears cautious as analysts recommend a “Sell” rating based on recent performance metrics. The consensus among 11 analysts includes several “Sell” ratings with target prices ranging from ₹12 to ₹20, indicating concerns about the bank’s short-term prospects despite its historical growth.
Yes Bank has reported a year-on-year increase of 12.09% in advances, which surpasses its five-year compound annual growth rate (CAGR) of 5.85%. Furthermore, its annual revenue growth of 22.87% outperformed its three-year CAGR of 11.85%. These figures suggest that while the stock price may be under pressure, the underlying business fundamentals are showing improvement.
Historical Context
Over the past year, Yes Bank shares have fluctuated significantly within a range of ₹14.10 (52-week low) to ₹32.81 (52-week high). This volatility is reflective of broader economic conditions and specific challenges faced by the banking sector in India.
Looking ahead to tomorrow’s trading session, investors will be watching key support and resistance levels closely as they assess potential price movements based on today’s closing figures and overall market sentiment.
Summary of Key Metrics
| Metric | Value |
|---|---|
| Current Share Price | ₹22.42 |
| Market Capitalization | ₹70,499.14 crore |
| P/E Ratio | 54.85 |
| PB Ratio | 1.69 |
| 52-Week High/Low | ₹32.81 / ₹14.10 |
| Recent Performance | -0.31% (1 Day) |
