Yes Bank Share Price Soars by 4% in Thursday’s Trading Session
In a block deal on Thursday, Yes Bank sold 40 crore shares, totaling a value of ₹1,160 crore. The deal was executed by CA Basque Investments, a company under the Carlisle Group. This sale represented 1.39% of the bank’s total share capital.
Earlier in July 2022, Carlisle Group had acquired a 9.99% stake in Yes Bank at ₹13.78 per share, totaling ₹4,450 crore. By December 2023, CA Basque Investments held approximately 6.43% stake in Yes Bank with 18,44,80,77,851 shares.
Yesterday, on Friday, February 16, 2024, Yes Bank shares closed at ₹28.70, showing a 1.03% decrease. However, in today’s trading session, the shares surged by 3.76% to reach ₹29.78.
Over the past three months, Yes Bank shares have delivered a return of 41% to its investors. The stock had reached a 52-week high of ₹32.81. In the last three months, the share price has seen a rapid increase of 41%, while over the past year, investors have gained a return of 74.46%.
Yes Bank’s market capitalization currently stands at ₹84,000 crore. In the financial quarter of October-December 2023, the bank recorded a net profit of ₹231.6 crore, marking a significant increase from the previous year.
The bank’s net profit has shown an annual growth rate of 349.7%. With a non-performing asset ratio of 2.0%, Yes Bank continues to show promising financial performance in the current fiscal year. 📈💰🏦
Stay tuned for more updates on Yes Bank’s share price and market performance! 📊📈🔍
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