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YES Bank share rises for third straight session

The stock rose 3.87% in a month amid rise in the private banking index and broader indices Sensex and Nifty, which have been hitting record highs. Meanwhile, Sensex has gained 7% during the same period.

twitter-logoBusinessToday.In | January 8, 2021 | Updated 13:50 IST
YES Bank share rises for third straight session
YES Bank stock is trading higher than 5, 50 and 100-day moving averages but lower than 20, 200-day moving averages

YES Bank share price was trading marginally higher on Friday morning, rising for the third straight session. The stock of private lender opened higher at Rs 18.20 against its previous close of Rs 18 today. The stock gained 1.3% to hit the day's high of Rs 18.25 on BSE. However, the stock erased gains to hit an intraday low of Rs 17.95 and later traded flat.

The lender along with five other companies has been included in the large-cap stock category by the Association of Mutual Funds in India (Amfi) in its semi-annual review, which will be effective for the February-July period in 2021. The other five stocks which have joined the large-cap club are Gland Pharma Ltd, Adani Enterprises Ltd, PI Industries Ltd, Jubilant Foodworks Ltd and Hindustan Agro.

YES Bank stock is trading higher than 5, 50 and 100-day moving averages but lower than 20, 200-day moving averages.

The stock rose 3.87% in a month amid rise in the private banking index and broader indices Sensex and Nifty, which have been hitting record highs. Meanwhile, Sensex has gained 7% during the same period.

Market capitalisation of the lender stood at Rs 45,098.83 crore as of today's session. 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 0.28% in the last week and 60% in one year.

In a regulatory filing on January 4, YES Bank announced that it has registered 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.

This credit card company's stock delivered over 100% returns in 7 months

Market-cap of BSE-listed companies' surges to record Rs 193.18 lakh crore

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