Yes Bank Share Price: The prices of Yes Bank shares have witnessed a sudden jump in the past week. It has risen nearly five rupees or nearly 72% in one week. The reason behind this jump in prices could be the private lander’s recent announcement about its revenue.
| Share Name | Yes Bank |
| Last Trading Price (LTP) | ₹24.30 |
| Growth in percentage | 72% |
| Experts’ Guess | up to ₹25 |
The bank recently disclosed that it has received ₹120 crore from the sale of NPA portfolio to J C Flowers Asset Reconstruction (JC Flowers ARC). After this announcement, its prices almost skyrocketed.
Profit earned so far
The bank had registered a 47.4 percent increase in net profit to ₹225.21 crore, as against ₹152.82 crore in the year-ago period. The net interest income (NII) of the bank increased by 3.3 percent to ₹1,925 crore in the second quarter of the financial year 2023-24.
Yes Bank Share Price: Share prices soar
The share price has also increased significantly in the last one month. The share price has reached ₹16 to ₹20 in a month. The share has given a return of more than 18.50 percent in one month. The 52 week low price of Yes Bank shares on NSE is ₹14.40 while its 52 week high price is ₹24.75.
The shares of Yes Bank are witnessing unprecedented moves these days. Recently they have hit the life time high and when experts predicted some more surge, the shares started declining. Future is still uncertain, hence, experts have suggested investors be cautious.
