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Yes Bank drops in early trade

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Capital Market
Last Updated : Dec 27 2016 | 12:01 AM IST

Yes Bank lost 1% to Rs 1,113.45 at 9:20 IST on BSE, with the stock witnessing slide in early trade.

Meanwhile, the S&P BSE Sensex was down 149.37 points or 0.57% at 25,891.33.

On the BSE, 4,352 shares were traded on the counter so far as against the average daily volumes of 2.43 lakh shares in the past one quarter. The stock had hit a high of Rs 1,124 and a low of Rs 1,110.55 so far during the day.

The stock had hit a record high of Rs 1,450 on 7 September 2016. The stock had hit a 52-week low of Rs 632.25 on 20 January 2016. It had underperformed the market over the past one month till 23 December 2016, sliding 0.09% compared with the Sensex's 0.04% fall. The scrip had, however, outperformed the market in past one quarter, declining 8.74% as against Sensex's 9.17% fall.

The large-cap private sector bank has equity capital of Rs 422.93 crore. Face value per share is Rs 10.

Yes announced that it has placed Rs 3000 crore of Basel III compliant Additional Tier-1 (AT1) bonds through private placement against the base issue size of Rs 2100 crore. The bonds will be listed on the BSE and its proceeds will qualify for Basel III Tier-I capital. The bonds carry a coupon rate of 9.5% per annum. The bonds have been rated as CARE AA (Stable Outlook) by CARE Ratings and IND AA (Stable Outlook) by India Ratings and Research (A Fitch Group Company). The announcement was made on Saturday, 24 December 2016.

Yes Bank's net profit rose 31.3% to Rs 801.54 crore on 24.7% rise in total income to Rs 4982.23 crore in Q2 September 2016 over Q2 September 2015.

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Yes Bank is one of the leading private sector banks in India.

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First Published: Dec 26 2016 | 9:12 AM IST

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