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Yes Bank Gains 5%; BSE BANKEX Index Down 0.4%
Wed, 11 Sep 14:35

Yes Bank Gains 5%; BSE BANKEX Index Down 0.4%Image source: Sefa Ozel/www.istockphoto.com

Yes Bank share price has zoomed 5% and is presently trading at Rs 24.0.

Meanwhile, the BSE BANKEX index is at 57,891.6 (down 0.4%).

Among the top gainers in the BSE BANKEX index today are AU SMALL FINANCE BANK (up 0.4%) and Kotak Bank .

SBI (down 1.5%) and Bank of Baroda (down 1.4%) are among the top losers today.

Over the last one year, Yes Bank has moved up from Rs 18.4 to Rs 24.0, registering a gain of Rs 5.6 (up 30.6%).

On the other hand, the BSE BANKEX index has moved up from 51,107.6 to 57,891.6, registering a gain of 13.3% during the last 12 months.

The top gainers among the BSE BANKEX index stocks during this same period were SBI (up 30.3%), ICICI Bank (up 26.4%) and Federal Bank (up 23.2%).

Must See: These Segments are Witnessing Incredible Growth with Modi's Push

What About the Benchmark Indices?

The BSE Sensex is at 81,617.7 (down 0.4%).

The top losers among the BSE Sensex today are Tata Motors (down 5.5%) and M&M (down 1.6%). The most traded stocks in the BSE Sensex are Tata Motors and Tata Steel.

In the meantime, NSE Nifty is at 24,951.1 (down 0.4%). Tata Motors and ONGC are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 67,127.1 to 81,617.7, registering a gain of 14,490.6 points (up 21.6%).

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 2024, Yes Bank reported 74.7% increase in net profit to Rs 12,852 million compared to net profit of Rs 7,358 million during FY23. Revenue of the company grew 21.6% to Rs 276,059 million during FY24.

The current Price to earnings ratio of Yes Bank, based on rolling 12 month earnings, stands at 51.8.

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