Bank Stock: Yes Bank Share rise by 4 percent BANK NEWS

 

Bank Stock: Yes Bank Share rise by 4 percent

 

New Delhi: YES Bank share was trading 4.4% higher in Wednesday's session, ranking among the most active banking scrips in terms of volumes on BSE and NSE today.

The stock of the private lender opened at Rs 15.75 as against its previous close of Rs 15.65 and touched the day's high of Rs 16.35, rising 4.4% intraday. The stock also hit an intraday low of Rs 15.70. The share has risen 2.88% in the last 2 days.

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

The share has risen 1% in one week. However, it has fallen 6% in a month. Year-to-date, the stock is down 10%. Share of the private lender has fallen 54% in one year.

Market capitalisation of the lender rose to Rs 0.40 lakh crore. The stock has touched a 52-week high of Rs 87.95 and a 52-week low of Rs 5.55. 

In terms of brokerage views, Emkay Research gave a 'Sell' rating to the stock and set a target price of Rs 11 for the share, given sub-par return ratios and unfavourable risk-reward with higher valuations.



Posted Date :  24-02-21

Categories : BANK NEWS

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