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Yes Bank gains after reporting strong Q2 results

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Capital Market

Yes Bank rose 1.85% to Rs 1,315.75 at 12:35 IST on BSE after the bank reported 31.31% rise in net profit 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.

The result was announced during market hours today, 20 October 2016.

Meanwhile, the S&P BSE Sensex was up 133.06 points or 0.48% at 28,117.43.

On BSE, so far 1.73 lakh shares were traded in the counter as against average daily volume of 2.72 lakh shares in the past one quarter. The stock hit high of Rs 1,320 and low of Rs 1,298.50 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. The stock had outperformed the market over the past one month till 19 October 2016, rising 9.66% compared with 2.27% fall in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 11.98% as against Sensex's 0.71% rise.

 

The large-cap bank has equity capital of Rs 422.28 crore. Face value per share is Rs 10.

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

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First Published: Oct 20 2016 | 12:31 PM IST

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