Yes Bank surges 16% on heavy volumes, hits 6-week high

In the past three trading days, the stock price of Yes Bank has appreciated by 18 per cent after the rating agency ICRA affirmed private lender's various instrument with a stable outlook

Shares of Yes Bank rallied 16 per cent to Rs 12.87, hitting a six-week high on the BSE in intra-day trade on Tuesday on the back of heavy volumes. The stock of the private sector lender was quoting at its highest level since August 2, 2021.

At 01:13 pm, the stock was up 11 per cent at Rs 12.32 on the BSE. In comparison, the S&P BSE Sensex was up 0.18 per cent at 58,285 points. The trading volumes on the counter more-than-doubled, with a combined 585.57 million equity shares of Yes Bank having changed hands on the NSE and BSE