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Yes Bank Plunges 6%; BSE BANKEX Index Down 3.0%
Mon, 5 Aug 11:27

Yes Bank Plunges 6%; BSE BANKEX Index Down 3.0%Image source: CreativaImages/www.istockphoto.com

Yes Bank share price has plunged 6% and is presently trading at Rs 23.9.

Meanwhile, the BSE BANKEX index is at 56,726.5 (down 3.0%).

Among the top losers in the BSE BANKEX index today are SBI (down 4.4%) and Bank of Baroda (down 4.4%).

Over the last one year, Yes Bank has moved up from Rs 17.1 to Rs 23.9, registering a gain of Rs 6.8 (up 39.6%).

On the other hand, the BSE BANKEX index has moved up from 51,331.3 to 56,726.5, registering a gain of 10.5% during the last 12 months.

The top gainers among the BSE BANKEX index stocks during this same period were Federal Bank (up 41.3%), SBI (up 32.5%) and ICICI Bank (up 17.6%).

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

What About the Benchmark Indices?

The BSE Sensex is at 78,523.1 (down 3.0%).

The top losers among the BSE Sensex today are Tata Motors (down 6.4%) and Tata Steel (down 5.1%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 23,914.3 (down 3.3%). Tata Motors and ONGC are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,459.3 to 78,523.1, registering a gain of 12,063.8 points (up 18.2%).

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 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 51.4.

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