Yes Bank fell 4.58% to Rs 1,218.80 at 12:40 IST on BSE, with the stock extending recent losses triggered by the bank deferring its qualified institutional placement of shares.
Meanwhile, the BSE Sensex was down 384.30 points, or 1.33%, to 28,416.89.
On BSE, so far 3.2 lakh shares were traded in the counter, compared with average daily volume of 2.06 lakh shares in the past one quarter. The stock hit a high of Rs 1,254.95 and a low of Rs 1,201.55 so far during the day. The stock hit a 52-week low of Rs 632.25 on 20 January 2016. The stock hit a record high of Rs 1,450 on 7 September 2016. The stock had underperformed the market over the past one month till 9 September 2016, gaining 1.42% compared with Sensex's 2.54% gain. The scrip had, however, outperformed the market in past one quarter, rising 22.78% as against Sensex's 7.6% gain.
The large-cap company has equity capital of Rs 421.35 crore. Face value per share is Rs 10.
Shares of Yes Bank had dropped 4.01% to Rs 1,277.25 on Friday, 9 September 2016 after the bank announced deferral of its proposed qualified institutional placement (QIP) as advised by its appointed Merchant Bankers for the QIP due to extreme volatility during trading day on 8 September 2016 because of misinterpretation of new QIP guidelines. The announcement of QIP deferral was made by the bank after market hours on 8 September 2016. The bank had announced on 7 September 2016 opening of its QIP of equity shares of face value Rs 10 each to raise up to $1 billion. The bank had announced Rs 1,371.84 per share as the floor price for the QIP at that time. The stock slumped 5.32% to Rs 1,330.65 on 8 September 2016 after opening its QIP, which resulted in bank calling off its QIP issue.
The stock has dropped 15.41% to its current ruling price of Rs 1,218.80 in four sessions, from its close of Rs 1,440.90 on 6 September 2016.
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Yes Bank's net profit rose 32.8% to Rs 731.80 crore on 25.4% growth in operating income to Rs 4762.83 crore in Q1 June 2016 over Q1 June 2015.
Yes Bank is one of the leading private sector banks in India.
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