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HomeBANKING₹26 Share Today Jump 8%; Rating Agency Upgraded The Rating; Share Will...

₹26 Share Today Jump 8%; Rating Agency Upgraded The Rating; Share Will Double?

Yes Bank Ltd (NSE: YESBANK) Share Price: Rating agency Moody’s has given good news about Yes Bank Ltd. A rating agency upgraded its rating for Yes Bank.

Its effect has been seen in the shares of the bank today. Yes Bank Ltd shares have seen an increase of over 8 % in the past day.

On Thursday, Yes Bank Ltd shares opened at Rs 26.01. But after some time, the company’s shares rose 8.45 percent to an intra-day high of Rs 27.08. However, after some time there was a softening in the prices.

What Rating Has Moody’s Given Now?

On Wednesday, Moody’s increased Yes Bank Ltd’s rating from ‘stable’ to ‘positive’. At the same time, the Ba3 rating of long-term foreign currency and local currency deposits has been retained. After this rating, Yes Bank Ltd shares have seen an 8 percent rise today on Thursday.

What Has Moody’s Said?

The rating agency has given the reason behind this change and said that the condition of the bank is likely to improve. Yes Bank Ltd’s profit may increase due to an increase in deposits during the next 12 to 18 months. 

Let us tell you, in the information given by Yes Bank Ltd recently, it was said that in the June quarter, there was a deposit of Rs 2.64 lakh crore. 

It is 21 percent more on an annual basis. But for the first time in the last 8 quarters, there has been a decline in deposits.

The company has given fewer loans on average in the June quarter compared to the industry. However, the year-on-year figures of the bank are looking good. 

Let us inform you, that in the past 12 months, we have seen an increase of 45 % in stocks that belong to Yes Bank Ltd.

Yes Bank Ltd Stock Performance

Current Price₹ 26.1
52-wk High₹ 32.8 
52-wk Low₹ 14.1
5 Days Return8.75%
1 Month Return10.50%

Key Fundamentals Parameters

Market Cap₹ 81,723 Cr.
Stock P/E63.6
Book Value₹ 13.8
Dividend0.00 %
ROCE6.29 %
ROE3.23 %
Face Value₹ 2.00
P/B Value1.88
OPM56.9 %
EPS₹ 0.45
Debt₹ 2,95,136 Cr.
Debt to Equity7.42

Yes Bank Ltd Shareholding Pattern

FII Holding
Jun 202323.79%
Sep 202323.39%
Dec 202323.79%
Mar 202422.01%
May 202428.42%
DII Holding
Jun 202337.72%
Sep 202340.68%
Dec 202341.98%
Mar 202441.50%
May 202438.09%
Govt. Holding
Jun 20230.01%
Sep 20230.01%
Dec 20230.01%
Mar 20240.01%
May 20240.01%
Hot Stocks Alert Join
Public Holding
Jun 202338.47%
Sep 202335.90%
Dec 202334.21%
Mar 202433.47%
May 202433.47%

Yes Bank Ltd Share: Last 5 Years’ Financial Condition

Last 5 Years’ Sales:

2020₹ 26,052 Cr
2021₹ 20,039 Cr
2022₹ 19,019 Cr
2023₹ 22,702 Cr
2024₹ 27,606 Cr

Last 5 Years’ Net Profit:

2020₹ -16,433 Cr
2021₹ -3,489 Cr
2022₹ 1,064 Cr
2023₹ 736 Cr
2024₹ 1,285 Cr

Conclusion

This article provides a detail guide about Yes Bank Ltd share.

The information and forecasts provided result from the analysis of our research team, the company’s basics and history, experience and various technical analyses. 

Also, we’ve talked in depth about the shares’ prospects and growth possibilities.

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If you have additional questions, feel free to leave a comment below. We’ll be more than happy to address all of your questions.

Disclaimer: The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. 

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