Yes Bank Share Price Drops by 5.5% on Tuesday
Yes Bank shares were trading with a 5.5% decline on Tuesday. However, a slight uptick is being seen in the share price today after a 15% drop in the past five days. The stock has plummeted by 30.75% from its 52-week high.
Key Figures:
- 52-week high: ₹32.85
- 52-week low: ₹15.50
- Wednesday, 8th May 2024: ₹23.05
- Thursday, 9th May 2024: ₹23.0
Recent Developments:
Recently, Yes Bank signed a deal with Brazilian payment giant Ebanx for cross-border merchant payments. Indian customers of Yes Bank can now use the Ebanx system for seamless transactions. The bank reported a 123% increase in net profit for the March 2024 quarter.
Financial Performance:
- Net profit for March 2024 quarter: ₹451 crore, up by 123% from the previous year
- Operating profit for March 2024 quarter: ₹902.47 crore
- Net interest income increased by 2% to ₹2,153 crore for March 2024 quarter
- Net NPA stood at 0.6% for March 2024 quarter, down from 0.80% in the same period last year
Stay tuned for more updates on Yes Bank’s performance in the coming months!
Disclaimer: This is News Coverage with Opinions of Experts and Should Not Be Taken as Direct Market Buying Tip. Market is always subject to risk. We recommend taking our content as research before investing.
