Yes Bank shares experienced a notable decline, closing at ₹21.86, down 2.50% from the previous day’s closing price of ₹22.42. This drop reflects a broader trend in the bank’s stock performance over recent weeks, which has seen a decrease of approximately 3.87% over the past week and 12.21% over the last six months
Main Points
As of today, Yes Bank’s stock is trading at ₹21.86 on the National Stock Exchange (NSE) and ₹21.96 on the Bombay Stock Exchange (BSE) as of the latest updates. The market capitalization of Yes Bank stands at around ₹68,500 crore, and its price-to-earnings (P/E) ratio is reported at 47.09. The bank has shown a year-on-year increase in advances by 12.09%, which is significantly higher than its five-year compound annual growth rate (CAGR) of 5.85%.
Recent Performance Metrics
- Share Price Today: ₹21.86
- Previous Close: ₹22.42
- Market Cap: ₹68,499.76 crore
- P/E Ratio: 47.09
- EPS (Earnings Per Share): ₹0.46
- 52-Week High/Low: ₹32.85 / ₹15.70
- Gross NPA %: 1.73%
- Net NPA %: 0.58%
The bank’s performance has been characterized by a consistent decline in both gross and net non-performing assets (NPAs), indicating improved asset quality over the past four years.
Stake Sale Developments
In recent news, discussions regarding a potential stake sale have faced delays, with reports suggesting that SMBC (Sumitomo Mitsui Banking Corporation) has shown interest in acquiring a 51% stake in Yes Bank but negotiations have stalled due to ownership demands. Foreign banks from Japan and the Middle East are also reportedly interested in acquiring stakes in Yes Bank, highlighting the growing interest in India’s banking sector amid its rapid economic growth.
Looking ahead to tomorrow’s trading session, analysts suggest that investors should closely monitor key support and resistance levels. The stock’s recent performance indicates bearish trends with potential for further declines unless significant positive news emerges from upcoming earnings reports or strategic developments within the bank.
Several analysts have commented on Yes Bank’s stock movements, noting that while there may be short-term volatility, the long-term outlook could improve if the bank continues to enhance its asset quality and profitability metrics. The upcoming board meeting scheduled for October 26 is also expected to provide insights into future strategies and financial health.
