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Yes Bank Gains 5%; BSE BANKEX Index Up 0.2%
Wed, 31 Jul 10:53

Yes Bank Gains 5%; BSE BANKEX Index Up 0.2%Image source: Sefa Ozel/www.istockphoto.com

Yes Bank share price has zoomed 5% and is presently trading at Rs 26.9.

Meanwhile, the BSE BANKEX index is at 58,884.7 (up 0.2%).

Among the top gainers in the BSE BANKEX index today are ICICI Bank (up 0.8%) and HDFC Bank (up 0.6%).

Federal Bank (down 1.5%) and Bank of Baroda (down 1.2%) are among the top losers today.

Over the last one year, Yes Bank has moved up from Rs 17.0 to Rs 26.9, registering a gain of Rs 9.9 (up 58.6%).

On the other hand, the BSE BANKEX index has moved up from 51,432.4 to 58,884.7, registering a gain of 14.5% during the last 12 months.

The top gainers among the BSE BANKEX index stocks during this same period were Federal Bank (up 46.5%), SBI (up 40.8%) and Bank of Baroda (up 25.3%).

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

What About the Benchmark Indices?

The BSE Sensex is at 81,731.4 (up 0.3%).

The top gainers among the BSE Sensex today are Asian Paints (up 2.5%) and NTPC (up 1.9%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,937.8 (up 0.3%). Asian Paints and NTPC are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,527.7 to 81,731.4, registering a gain of 15,203.7 points (up 22.9%).

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 58.0.

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