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Yes Bank Gains 6%; BSE BANKEX Index Up 0.2%
Tue, 26 Nov 9:39

Yes Bank Gains 6%; BSE BANKEX Index Up 0.2%Image source: peterschreiber.media/www.istockphoto.com

Yes Bank share price has zoomed 6% and is presently trading at Rs 20.3.

Meanwhile, the BSE BANKEX index is at 59,645.1 (up 0.2%).

Among the top gainers in the BSE BANKEX index today are ICICI Bank (up 0.7%) and Bank of Baroda (up 0.7%).

AU SMALL FINANCE BANK (down 0.8%) and Federal Bank (down 0.4%) are among the top losers today.

Over the last one year, Yes Bank has moved up from Rs 19.2 to Rs 20.3, registering a gain of Rs 1.1 (up 5.9%).

On the other hand, the BSE BANKEX index has moved up from 49,028.0 to 59,645.1, registering a gain of 21.7% during the last 12 months.

The top gainers among the BSE BANKEX index stocks during this same period were SBI (up 50.7%), Federal Bank (up 45.9%) and ICICI Bank (up 42.1%).

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

What About the Benchmark Indices?

The BSE Sensex is at 80,362.6 (up 0.3%).

The top gainers among the BSE Sensex today are Infosys (up 2.2%) and Tata Steel (up 1.3%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,312.2 (up 0.4%). Bharat Electronics and Infosys are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,023.2 to 80,362.6, registering a gain of 14,339.3 points (up 21.7%).

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 35.6.

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