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Why Yes Bank Share Price Rallied 8.38% Today? Time To Buy Or Sell The Rs 23.27/Sh Stock?

Why Yes Bank Share Price Rallied 8.38% Today? Time To Buy Or Sell The Rs 23.27/Sh Stock?

Yes Bank share price witnessed sharp gain of 8.38% on Bombay Stock Exchange (BSE) to settle at Rs 23.27 per share as Sensex dived 77.26 points to 81,373 on Monday. The stock has already surged over 10% in last 1-week and gained 31.39% in last 1-month thus outperforming the broader market. Meanwhile, Sensex slipped 0.98% in last 1-week, gained 1.08% in last 1-month, BSE Bankex zoomed 0.23% in last 1-week, surged 0.91% in last 1-month, and BSE Financial Services index rose 0.36% in last 1-week, rose 3.20% in last 1-month. Yes Bank has the market capitalisation of Rs 72,976.67 crore and return on equity at 4.57%. Life Insurance Corporation Of India (LIC) along with its sub- accounts have stake of 3.98% for the March 2025 quarter. Check more details below:

Yes Bank Dividend History

The private sector bank declared 10 dividends since 2010 with highest dividend being declared in 2017 at Rs 12/share. The bank has not yet announced any dividend since 2019.

Why Yes Bank Share Price Rallied 8.38% Today? Time To Buy Or Sell The Rs 23.27/Sh Stock?

Why Yes Bank Shares Have Been Rising?

The bank stock has been witnessing rally ahead of the scheduled Board of Directors meeting on June 3, 2025 to consider fund raising. As per the exchange filing of the bank dated May 28, 2025, “In accordance with Regulation 29(1) and Regulation 50(1) and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”), this is to inform that the meeting of the Board of Directors of YES Bank Limited (“the Bank”) is scheduled to be held on Tuesday, June 03, 2025, inter alia, to consider raising of funds by way of issuance of equity shares, debt securities and/or any other eligible securities (convertible/non-convertible) through permissible modes, including but not limited to a private placement, preferential issue or any other method or combination of methods, subject to such approvals as may be required.”

Earlier, the bank stock recorded surge when reports surfaced that Sumitomo Mitsui Banking Corporation (SMBC) planned to acquire 20% stake in Yes Bank for Rs 13,482 crore. SMBC will reportedly buy 13.19% stake from State Bank of India (SBI) while the remaining 6.81% will be bought from several leading private banks namely, HDFC Bank, ICICI Bank, and Axis Bank, among others.

Should You Buy Or Sell Yes Bank Stock?

Despite steep rally in the stock in last 1-month, brokerage firm Kotak Institutional Equities maintained sell call on the stock with the target price of Rs 17 per share. The analyst said, “There’s still no clarity on how the business model will evolve. Yes Bank continues to lag behind peers on profitability and growth.” Nomura issued neutral call with target price of Rs 17, and ICICI Securities too recommended neutral call with target price of Rs 16. Meanwhile, JM Financials has suggested investors to sell the stock with target price of Rs 15.

Yes Bank Shares Performance

The 52-week high of Yes Bank stock price on BSE stood at Rs 27.41 per share (as on 08/07/2024) and 52-week low price is Rs 16.02 per share (as on 12/03/2025), respectively. The stock recorded steep surge of 38.84% in last 3-months, gained marginally by 1.22% in last 1-year, and rallied 41.80% in last 2-years. In last 3-years, Yes Bank shares zoomed 73.92% and plunged 14.45% in last 5-years.

Yes Bank Financials

The bank announced its quarterly results on April 19, 2025. It announced a jump of 63.3% year-on-year in its net profit to Rs 738.1 crore for the quarter ended March 31, 2025. The bank had declared a net profit of Rs 451.9 crore in the corresponding quarter of last year, as per the BSE filing. Meanwhile, net interest income or NII jumped 5.7% to Rs 2,276.3 crore for Q4FY25 as compared to Rs 2153 crore reported in the similar quarter of last year. Gross non-performing asset or (GNPA) announced at 1.6% for March quarter as compared to 1.6% declared in December 2024 quarter.

Disclaimer: The stock has been picked from the brokerage report of Kotak Institutional, JM Financial, Nomura, and ICICI Securities. Moneydaily.in, the author, and the respective brokerage house will not be held accountable for any losses caused as a result of decisions based on the article. Moneydaily.in advises readers to do their own research or consult a SEBI registered investment advisor before making any investment decisions.

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