With the new revival plan of the bank, many renowned banks are investing in Yes Bank, raising the share price by 80%, which is the biggest gain of the last 6 months. The price target for Yes Bank (YesBank) shares during the day is 17.79 dollars (17.72-17.43 on the downside) and 18.55 dollars (18.37-18.73 on the upside.
In the future, the Bank intends to increase its share of retail banking from the current 44 percent to 60 percent of book value by the end of the calendar year 2023.
It is present in metro, urban, semi-urban and rural areas across India. The bank's current market capitalisation is 33,247,860 rupees. For more information, see this list of India's 100 largest companies in terms of market capitalization. The bank, which has too many bad loans, is linked to the State Bank of India, which will hold a 30% stake in the bank from 28 July 2020.
Shares of Yes Bank are currently trading at Rs13.25 and have risen 6.03% in the last 365 days. At the current price of Rs1,325, the bank's shares are trading 9.73% above their 200-day moving average.
Since price trends tend to persist, it is worth taking a look at the price trends for bank stocks. Nilesh Jain, Assistant Vice President (AVP, Equity Research and Technical Derivatives, Centrum Broking) said: "Yes Bank’s stock price is moving up and down the technical charts. The current price of Yes Bank shares is $13,250 as of 2021 and our data suggests that the asset price has been on a downward trend since its incorporation in the last year.
Shares in Yes Bank were trading 4.4% higher during Wednesday's session and today ranked as the most active banking sector in terms of volume. Yes Bank's share price, which has surpassed its 52-week high, is hard to predict as bulls are yet to see any improvement in earnings. The bank's share price is currently trading at 36 cents, a 52-week low.
The last traded share price of Yes Bank Ltd was $13.25 (Rs 9.86) on the NSE. The bank's share price opened 16% higher today at Rs 12.44, but it was off the day's high near Rs 12.24 on the BSE. Yes, the bank's share price fell 5% this morning (May 6) after its profits were announced during regular market time.
A consortium of lenders led by the largest lender, State Bank of India, pumped money into the bank to rescue it from deteriorating financial conditions. Shares of the private lender to the bank traded at Rs13.6 per share on the New York Stock Exchange on Monday 4% higher in early trading after it reported a quadruple jump in net profit to Rs207 crore for the June quarter compared to Rs45 crore for the corresponding quarter of the prior financial year due to lower provisions and robust other earnings. Yes Bank is evolving into a full-service commercial bank offering banking technology-driven products and services to meet the financial needs of SMEs, corporate and retail clients.
Retail banking offers retail loans, deposits and other services. The other banking segment represents parabanking activities, including third-party product distribution and merchant banking. The flagship company is Reliance Industries Limited, a Fortune Global 500 firm and the largest private sector company in India.
At Rs13.25 per share, the bank trades at a discount of 0.105% to analysts "consensus target of Rs0.0000. YesBank's March 2022 target forecast is $18.38 (up $15.13 to $11.87) and $3.22 (down $6.48 to $9.73). The Yes Bank's target for this week is $12.72 ($18.83 up, $10.18 down and $5.04 down).
We will take a closer look at this below and delve a little deeper into the analysis of the stock. The stock has moved sharply higher in the last 6-7 trading sessions on the NSE. The NSE currently trades 5.6 Cr shares.
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