Yes Bank share price: There was a rush to buy shares of private sector Yes Bank amidst profit booking in the market. On Friday, the last trading day of the week, the stock rose 11% to reach an intraday high of ₹26.48 on BSE. The previous closing of the share was Rs 23.96. On February 9, 2024, the share had reached a price of Rs 32.81, which is also a 52-week high. In October 2023, this share remained at the price of Rs 14.10. This is the stock’s 52-week low.
What do experts say
VLA Ambala, co-founder of Stock Market Today, said- Yes Bank has been strengthening in a limited range for the last five months. The immediate key resistance point for this stock is at Rs 24.80. Those who are looking for buying opportunity in this particular stock can place bets with a target price of Rs 27-35. For this, a stop loss of Rs 19.50 may be required. Experts have given a holding period of 2-5 months for the stock.
Yes Bank business update
Recently, private sector giant Yes Bank said that its debt and advances have increased by 14.8 percent year-on-year to Rs 2,29,920 crore in the June quarter. It was Rs 2,00,204 crore in the same quarter last year. Yes Bank said deposits for the quarter grew 20.8 per cent to Rs 2,64,910 crore from Rs 2,19,369 crore in the same quarter last year.
Yes Bank said that its CASA i.e. current account and savings account deposits stood at Rs 81,405 crore in the June quarter. This is 26.1 percent more than Rs 64,568 in the same quarter last year. Let us inform you that Yes Bank is going to declare the results of the first quarter of the current financial year on Saturday, July 20, 2024.
