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Yes Bank Plunges 4%; BSE BANKEX Index Down 1.9%
Mon, 7 Oct 14:44

Yes Bank Plunges 4%; BSE BANKEX Index Down 1.9%Image source: Nikada/www.istockphoto.com

Yes Bank share price has plunged 4% and is presently trading at Rs 21.0.

Meanwhile, the BSE BANKEX index is at 57,266.2 (down 1.9%).

Among the top losers in the BSE BANKEX index today are Federal Bank (down 5.2%) and Bank of Baroda (down 3.8%).

AU SMALL FINANCE BANK (up 1.5%) is among the top gainers today.

Over the last one year, Yes Bank has moved up from Rs 17.2 to Rs 21.0, registering a gain of Rs 3.9 (up 22.5%).

On the other hand, the BSE BANKEX index has moved up from 50,007.8 to 57,266.2, 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 ICICI Bank (up 31.5%), SBI (up 27.6%) and Federal Bank (up 22.0%).

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

What About the Benchmark Indices?

The BSE Sensex is at 80,924.4 (down 0.9%).

The top losers among the BSE Sensex today are NTPC (down 4.6%) and MUNDRA PORT & SEZ (down 4.4%). The most traded stocks in the BSE Sensex are Tata Steel and Axis Bank.

In the meantime, NSE Nifty is at 24,748.4 (down 1.1%). NTPC and MUNDRA PORT & SEZ are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,512.1 to 80,924.4, registering a gain of 15,412.3 points (up 23.5%).

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 45.3.

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