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Yes Bank Gains 7%; BSE BANKEX Index Up 0.8%
Mon, 28 Oct 9:21

Yes Bank Gains 7%; BSE BANKEX Index Up 0.8%Image source: alexsl/www.istockphoto.com

Yes Bank share price has zoomed 7% and is presently trading at Rs 20.4.

Meanwhile, the BSE BANKEX index is at 58,410.9 (up 0.8%).

Among the top gainers in the BSE BANKEX index today are ICICI Bank (up 2.6%) and Indusind Bank (up 1.1%).

IDFC FIRST BANK (down 7.5%) and Federal Bank (down 0.5%) are among the top losers today.

Over the last one year, Yes Bank has moved up from Rs 16.0 to Rs 20.4, registering a gain of Rs 4.4 (up 27.3%).

On the other hand, the BSE BANKEX index has moved up from 48,173.3 to 58,410.9, registering a gain of 21.3% during the last 12 months.

The top gainers among the BSE BANKEX index stocks during this same period were SBI (up 40.8%), ICICI Bank (up 40.6%) and Federal Bank (up 30.9%).

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

What About the Benchmark Indices?

The BSE Sensex is at 79,653.7 (up 0.3%).

The top gainers among the BSE Sensex today are ICICI Bank (up 2.6%) and Indusind Bank (up 1.1%). The most traded stocks in the BSE Sensex are HDFC Bank and Tata Steel.

In the meantime, NSE Nifty is at 24,249.7 (up 0.3%). Shriram Transport and ICICI Bank are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,049.1 to 79,653.7, registering a gain of 15,604.6 points (up 24.4%).

Yes Bank Financial Update...

Yes Bank net profit grew 147.8% YoY to Rs 5,666 million for the quarter ended September 2024, compared to a profit of Rs 2,286 million a year ago. Net sales rose 15.2% to Rs 77,372 million during the period as against Rs 67,140 million in July-September 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 35.7.

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