- By Aditya Pratap Singh
- Mon, 28 Oct 2024 10:57 AM (IST)
- Source:JND
Yes Bank Share Price: Following the announcement of the July-September Quarter Result, the shares of Yes Bank soared high in morning trade on Monday. On BSE, the private bank stocks climbed by about 10 per cent. Yes Bank shares opened with a gain of Rs 20.40 the BSE on Monday. In a short time, the company's shares rose 9.74 per cent to reach the level of Rs 21.29 (till 9.35 am). According to experts, Yes Bank has performed well on an annual basis. Due to this, the company's shares are in demand.
Yes Bank Target Price
Sumit Bagadia, who is associated with the brokerage firm Choice Broking, said that The immediate support for Yes Bank shares is at Rs 18, Investors can hold by applying a stop loss of Rs 16, If the stock manages to break out of Rs 21, it can reach up to Rs 24 to Rs 26.
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Profit jumps over Rs 500 crore
In the results that were released on Saturday, Yes Bank told the stock markets that its net profit has increased by 145 per cent on a year-on-year basis. The bank's net profit in the second quarter of the current financial year was Rs 553 crore. In the same quarter a year ago, Yes Bank had a profit of Rs 225.21 crore. On a quarter-on-quarter basis, the bank's net profit has increased by 10 per cent.
During the period of July to September, the net interest income was Rs 2200 crore. Which is 14.3 per cent more on an annual basis. There has also been a decline in the bank's NPA. According to the latest data, the NPA in September was 1.6 per cent.
