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HomeSHARE MARKETHuge Rise In This ₹23 Share; 51% Stake Selling News; Huge Buying...

Huge Rise In This ₹23 Share; 51% Stake Selling News; Huge Buying Start; Do You Have?

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Yes Bank Ltd (NSE: YESBANK) Share Price: There was a stormy rise in the shares of Yes Bank today on March 14. The bank’s shares rose by more than 11.69 percent in trading at the NSE. 

This rise in the bank’s shares came after a media report, which said that Yes Bank is looking for a new promoter for itself.

According to the report, the bank is preparing to sell about 51 percent of its stake with a valuation of 8 to 9 billion dollars. 

Yes Bank share was closed at Rs 23 40, up about 11.69 percent. In the last year, Yes Bank shares have increased by about 52.44 percent.

According to the report, the Indian unit of Citigroup has been entrusted with the responsibility of facilitating the search for a potential buyer for the bank. The current market cap of Yes Bank is $7.2 billion. 

According to the report, Yes Bank has sent invitations to various domestic lenders, including existing shareholders, to participate in this stake sale. Apart from this, the Bank has also initiated discussions with banks and financial institutions in Japan, West Asia, and Europe.

stake holders

The report said that to take more than 26 percent stake in the bank, any new promoter will first have to get special approval from RBI.

This possible stake sale will allow its major shareholders like State Bank of India (SBI), Life Insurance Corporation of India (LIC), HDFC Bank Ltd, and ICIC Bank Ltd to exit the bank by selling their stake. 

All of them had taken a stake in Yes Bank in 2020 to save it from sinking. At present, SBI is its largest shareholder, which holds about 29 percent stake in the bank.

In the recent December quarter, Yes Bank’s net profit rose to Rs 231.6 crore from Rs 51.5 crore in the same period a year ago. During the same period, gross non-performing assets (NPA) stood at 2 percent, while net NPA came down to 0.9 percent.

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₹ 67,424 Cr.
Current Price₹ 23.40
52-wk High₹ 32.8 
52-wk Low₹ 14.50
Stock P/E62.7
Book Value₹ 13.8
Dividend0.00 %
ROCE4.94 %
ROE1.99 %
Face Value₹ 2.00
P/B Value1.55
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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