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Yes Bank Gains 4%; BSE BANKEX Index Down 0.5%
Mon, 22 Jul 9:25

Yes Bank Gains 4%; BSE BANKEX Index Down 0.5%Image source: StarLineArts/www.istockphoto.com

Yes Bank share price has zoomed 4% and is presently trading at Rs 25.7.

Meanwhile, the BSE BANKEX index is at 59,837.7 (down 0.5%).

Among the top gainers in the BSE BANKEX index today is HDFC Bank (up 0.8%).

Kotak Bank (down 2.7%) and Indusind Bank (down 1.4%) are among the top losers today.

Over the last one year, Yes Bank has moved up from Rs 17.5 to Rs 25.7, registering a gain of Rs 8.2 (up 46.7%).

On the other hand, the BSE BANKEX index has moved up from 51,207.9 to 59,837.7, registering a gain of 16.9% during the last 12 months.

The top gainers among the BSE BANKEX index stocks during this same period were SBI (up 49.5%), Federal Bank (up 41.7%) and Axis Bank (up 32.8%).

Dear Reader: If You Invest in Midcap Stocks, this is for You

What About the Benchmark Indices?

The BSE Sensex is at 80,272.9 (down 0.4%).

The top losers among the BSE Sensex today are Kotak Bank (down 2.7%) and Reliance Ind. (down 2.5%). The most traded stocks in the BSE Sensex are Tata Steel and ITC.

In the meantime, NSE Nifty is at 24,395.6 (down 0.6%). Wipro and Kotak Bank are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,795.1 to 80,272.9, registering a gain of 13,477.7 points (up 20.2%).

Yes Bank Financial Update...

Yes Bank net profit grew 48.8% YoY to Rs 5,160 million for the quarter ended June 2024, compared to a profit of Rs 3,467 million a year ago. Net sales rose 19.9% to Rs 77,254 million during the period as against Rs 64,454 million in April-June 2023.

For the year ended March 2023, Yes Bank reported 30.8% decrease in net profit to Rs 7,358 million compared to net profit of Rs 10,641 million during FY22. Revenue of the company grew 19.4% to Rs 227,022 million during FY23.

The current Price to earnings ratio of Yes Bank, based on rolling 12 month earnings, stands at 55.3.

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