Share of private lender YES Bank was trading 1% lower in Friday's volatile session, in line with BSE private banking index, that was down 1%, and broader indices Sensex and Nifty, falling 0.60% each.
Falling for the third straight session, stock of YES Bank opened at previous close of Rs 18.20 today, also its day's high. Later, the stock fell to the day's low of Rs 17.60, down 1.4% on BSE. The stock rose to a high of Rs 17.90 on BSE in early session.
Yesterday, YES Bank stock closed flat at Rs 17.85.
However, YES Bank stock is trading higher than 50, and 100-day moving averages but lower than 5, 20 and 200-day moving averages.
The stock has fallen 1% in one week and 3% in a month. Year to date, the stock has fallen 0.6%.
Market capitalisation of the lender stood at Rs 44,347.18 crore. The stock has touched a 52 week high of Rs 87.95 and a 52-week low of Rs 5.55. Share of the private lender, with Rs 2 face value has fallen 55% in one year.
YES Bank among other listed companies was re-classified as large-cap stocks in the semi-annual Association of Mutual Funds in India (AMFI) review earlier this month. The entry of the bank into large-cap in AMFI reclassified index is a big come back after YES Bank, that was dropped from benchmark indices Nifty, banking index Nifty Bank and other Nifty indices.
In a regulatory filing on January 4, YES Bank announced that it clocked 1.3% growth on a sequential basis in loans and advances to Rs 1.69 lakh crore during the December quarter. Lender's deposits grew 7.7% to Rs 1.46 lakh crore in the quarter, compared to Rs 1.36 lakh crore in the September quarter.
The gross retail disbursements during the December quarter stood at Rs 7,563 crore, up 109% compared with Rs 3,764 crore in the September quarter.
The certificate of deposits (CDs) grew 1.9% to Rs 7,395 crore from Rs 7,259 crore in the preceding quarter. The current account and savings account (CASA) deposits grew 12.6% to Rs 37,973 crore, compared to Rs 33,713 crore in the September quarter.
Once a troubled lender, YES Bank, was bailed out by SBI in March 2020. The lender is set to announce December quarterly results on 22 January.
On the technical front, YES Bank stock has managed to hold in two figures and is in a mildly bearish range since last year. The stock shows buying interest in the range of Rs 17-18 on a weekly basis as against the earlier Rs 11-15 range.