YES Bank Ltd.’s share price is experiencing notable fluctuations in the market. Currently, the stock is trading at ₹22.74, reflecting a slight decline of 0.22% from its previous close of ₹22.79. This recent movement is part of a broader trend that has seen the stock’s price dip by 1.68% over the last week and 6.34% over the past month.
Main Points
- 1 Current Market Overview
- 2 Key Metrics
- 3 YES Bank Share Price Recent Performance Trends
- 4 YES Bank Share Price Technical Analysis
- 5 Support and Resistance Levels
- 6 YES Bank Share Price Moving Averages
- 7 YES Bank Share Price Financial Health and Future Outlook
- 8 Revenue Growth and Financial Ratios
- 9 YES Bank Share Price Analyst Recommendations
Current Market Overview
Key Metrics
- Current Share Price: ₹22.74
- Previous Close: ₹22.79
- Market Capitalization: ₹73,074.76 Crores
- P/E Ratio: 49.53
- EPS (TTM): ₹0.46
- Dividend Yield: 2.09%
- 52 Week High/Low: ₹32.85 / ₹15.70
The stock’s performance has been under scrutiny as analysts express mixed sentiments about its future trajectory. The average price target set by analysts suggests a cautious outlook, with some recommending a “Sell” rating based on current valuations and market conditions.
In recent trading sessions, YES Bank’s shares have shown volatility:
- 1-Day Change: -1.81%
- 1-Month Change: -6.34%
- 1-Year Change: +23.45%
- 3-Year Change: +72.83%
- 5-Year Change: -57.67%
Despite the short-term declines, YES Bank’s stock has demonstrated resilience over the longer term, particularly with a yearly increase of over 23%.
Support and Resistance Levels
Technical indicators suggest that YES Bank is currently facing resistance at key levels:
- First Resistance Level: ₹23.05
- Second Resistance Level: ₹23.18
- First Support Level: ₹22.62
- Second Support Level: ₹22.49
The Relative Strength Index (RSI) is currently at 36.86, indicating that the stock may be approaching oversold territory. Investors should monitor these levels closely as they could signal potential entry or exit points.
The stock’s performance relative to its moving averages has also raised concerns:
- The 10-day moving average recently indicated a bearish crossover on September 17, suggesting further declines could follow based on historical data trends where average price declines of around 4.08% were observed within seven days post-signal.
Revenue Growth and Financial Ratios
YES Bank has reported a year-on-year increase of approximately 12.09% in advances, which is significantly higher than its five-year compounded annual growth rate (CAGR) of 5.85%. The bank’s annual revenue growth stands at an impressive 22.87%, outperforming its three-year CAGR of 11.85%.Despite these positive indicators, analysts remain cautious due to the bank’s high P/E ratio of 49.53 compared to industry averages, which could imply that the stock is overvalued at current prices.
The consensus among analysts is mixed:
- A total of 11 analysts have provided recommendations, with three suggesting “Hold” and six recommending “Sell” based on current market conditions and valuation metrics.
- Target prices vary significantly, with some analysts projecting targets as low as ₹12 per share while others maintain a more optimistic view around ₹20.
As YES Bank continues to navigate through fluctuating market conditions, investors should remain vigilant about its performance metrics and analyst recommendations. The current share price reflects broader economic factors affecting the banking sector in India, including rising interest rates and regulatory changes.
Disclaimer: The information given in this article is from investment experts and brokerage companies, they do not represent Local Haryana. Before taking any investment related decision, you must consult a certified expert.
