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HomeSHARE MARKET₹23 Share Got Tax Demand Notice From Government; Company Will Appeal Against...

₹23 Share Got Tax Demand Notice From Government; Company Will Appeal Against The Order

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Yes Bank Ltd (NSE: YESBANK): Today, in this post we’ll discuss about Yes Bank latest news, fundamentals, potential growth areas, and all sorts of information regarding this company to gain a better understanding.

We hope our analysis will provide you better insight about the company.

Yes Bank has received a tax demand notice of Rs 112.81 crore from the Income Tax Department. “This is to inform you that the Bank has received a reassessment order from the National Faceless Assessment Unit, Income Tax Department, dated March 27, 2024, regarding the tax liability (including interest) on various income tax disallowances,” the bank said in an exchange filing.

An additional demand of Rs 112.81 crore has been made.

The bank further stated in its filing that “The Bank believes that it has sufficient factual and legal basis to properly prove its position in this matter and the said order will not cause any impact on the financial, operational or other activities of the Bank.” Also, no physical impact is expected.

The bank will appeal against the said order under applicable law.

Stock Performance

Yes, Bank shares closed at Rs 23.20 on NSE on the last trading day with a gain of 0.30 percent. The stock has experienced growth of 55.08 percent over the past year. The 52-week peak of the stock is 32.81.

Yes Bank’s profit has increased to Rs 231 crore in the quarter ending December 2023, which was Rs 51.5 crore in the same quarter a year ago. The bank’s NII increased by 2.3 percent to ₹2,016.8 crore.

About Yes Bank Ltd Company 

YES Bank Limited (Yes Bank) offers commercial banking services and products. It is a bank located in Mumbai, India. It was established in 2004. 

It provides corporate and commercial branches and banking for its customers. 

The firm is involved in both institutional and corporate banking and financial markets, investment banking corporate finance, transaction and business branches, banking, and wealth management. 

The bank provides customers in the retail sector, NRI, MSMEs, commercial, institutional, corporate, and high-net-worth clients throughout India. It also has a representative office situated in Abu Dhabi.

Fundamental Analysis of Yes Bank Ltd

Market Cap₹ 66,741 Cr.
Current Price₹ 23.2
52-wk High₹ 32.8
52-wk Low₹ 14.1
Stock P/E65.2
Book Value₹ 13.8
Dividend0.00 %
ROCE4.94 %
ROE1.99 %
Face Value₹ 2.00
P/B Value1.68
OPM56.6 %
EPS₹ 0.36
Debt₹ 2,95,136 Cr.
Debt to Equity7.42

Yes Bank Ltd Share Price Target 2024 To 2030

Year1st Target2nd Target
2024₹ 26₹ 50
2025₹ 52₹ 68
2026₹ 72₹ 102
2027₹ 150₹ 194
2028₹ 205₹ 261
2029₹ 285₹ 340
2030₹ 410₹ 506
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Yes Bank Ltd Shareholding Pattern

FII Holding
Dec 202223.24%
Mar 202323.10%
June 202323.79%
Sept 202323.39%
Dec 202323.79%
DII Holding
Dec 202238.19%
Mar 202337.77%
June 202337.72%
Sept 202340.68%
Dec 202341.98%
Govt. Holding
Dec 20220.01%
Mar 20230.01%
June 20230.01%
Sept 20230.01%
Dec 20230.01%
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Public Holding
Dec 202238.54%
Mar 202339.10%
June 202338.47%
Sept 202335.90%
Dec 202334.21%

Yes Bank Ltd Share: Last 5 Years’ Financial Condition

To better understand how the market is performing, let’s look at the outlook of this share in the previous years. 

However, investors should be aware of the risks and the market conditions before making any investment decision.

Last 5 Years’ Sales:

2019₹ 29,624 Cr
2020₹ 26,052 Cr
2021₹ 20,039 Cr
2022₹ 19,019 Cr
2023₹ 26,366 Cr

Last 5 Years’ Net Profit:

2019₹ 1,709 Cr
2020₹ -16,433 Cr
2021₹ -3,489 Cr
2022₹ 1,064 Cr
2023₹ 1,024 Cr
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Last 10 Years’ Profit Growth:

10 Years:-6%
5 Years:-30%
3 Years:-27%
Current Year:14%

Last 10 years’ Return on Equity (ROE):

10 Years:-1%
5 Years:-11%
3 Years:-2%
Last Year:2%

Sales Growth Over 10 Years:

10 Years:11%
5 Years:2%
3 Years:-4%
Current Year:23%

Conclusion

This article is a complete guide about Yes Bank Ltd Share. This information and forecasts are based on our research, company fundamentals, history, experiences, and technical analyses. 

Also, We have discussed the share’s prospects and growth potential in detail.

This information will help you in your further investment. 

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Disclaimer: The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. We are here to provide timely updates about the stock market and financial products to help you make better investment choices. Do your own research before any investment.

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