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HomeSTOCKSShare Price Only ₹24; Experts Said - It Will Give Huge Profit...

Share Price Only ₹24; Experts Said – It Will Give Huge Profit Within A Few Weeks; Do You Have?

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YES Bank (NSE: YESBANK) share: 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.

The shares of Yes Bank rose and reached at Rs 24.39 on Tuesday. The stock’s rise is occurring at a time when the bank received three hundred and sixty-six crore through a trust within its portfolio of security receipts. 

The bank also stated that it was sent a demand letter from the Department of Income Tax (I-T) department. 

Let us inform you that Yes Bank shares Yes Bank had closed at the price of 24.45 on Monday. Yes Bank shares gave a return of 50 percent for the fiscal year 2023-24.

What Did Yes Bank Say?

On the weekend, Yes Bank said in an exchange filing that the matter relates to the transfer in non-performing assets i.e. NPA portfolio JC Flower ARC on December 17th, 2022.

In this context, the Bank is pleased to announce to the public that they have received 366 crore in trust funds security receipts.

In an additional announcement, Yes Bank said it received a demand letter of approximately Rs112.81 crore from the National Faceless Assessment Unit, Income Tax Department. 

The bank, however, Yes Bank also said there would not be any financial consequences resulting from penalties, compensation, etc.

What Was The Broker’s Response?

Stock Brokers said that we have observed a breakout of Yes Bank around Rs 23. 

Recently, the stock hit the lowest level of 19. The brokerage has issued a “buy” rating to the stock.

The price could rise to Rs 27 over the next few weeks. According to the brokerage the stop loss of 18 rupees on this share.

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₹ 70,884 Cr.
Current Price₹ 24.65
52-wk High₹ 32.8
52-wk Low₹ 14.1
Stock P/E69.2
Book Value₹ 13.8
Dividend0.00 %
ROCE4.94 %
ROE1.99 %
Face Value₹ 2.00
P/B Value1.78
OPM56.6 %
EPS₹ 0.36
Debt₹ 2,95,136 Cr.
Debt to Equity7.42

Yes Bank Ltd Shareholding Pattern

FII Holding
Dec 202223.24%
Mar 202323.10%
June 202323.79%
Sept 202323.39%
Dec 202323.79%
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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%
Public Holding
Dec 202238.54%
Mar 202339.10%
June 202338.47%
Sept 202335.90%
Dec 202334.21%
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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

Last 10 Years’ Profit Growth:

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

These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses. 

Also, We have talked in detail about the share’s future prospects and growth potential.

Hopefully, these informations 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.

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