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Yes Bank's rally halts on profit booking

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Capital Market

Yes Bank lost 2.51% to Rs 318.85 at 11:16 IST on BSE, with the stock sliding on profit taking after recent gains.

Meanwhile, the S&P BSE Sensex was down 157.96 points or 0.46% at 34,188.43.

On the BSE, 2.10 lakh shares were traded on the counter so far as against average daily volumes of 8.48 lakh shares in the past one quarter. The stock had hit a high of Rs 323.80 and a low of Rs 318.20 so far during the day. The stock had hit a record high of Rs 383.25 on 21 September 2017 and a 52-week low of Rs 275.15 on 23 May 2017.

 

The stock had underperformed the market over the past one month till 27 February 2018, sliding 10.03% compared with the Sensex's 4.73% fall. The stock had, however, outperformed the market over the past one quarter, advancing 3.76% as against the Sensex's 1.84% rise. The scrip had underperformed the market over the past one year, surging 15.01% as against the Sensex's 19.2% rise.

The large-cap bank has equity capital of Rs 460.53 crore. Face value per share is Rs 2.

Shares of Yes Bank had risen 5.73% in the previous five trading sessions to settle at Rs 327.05 yesterday, 27 February 2018, from its close of Rs 309.30 on 20 February 2018.

Among recent news, Yes Bank announced on 22 February 2018 about the approval of final terms and allotment of 30,000 rated, listed, non-convertible, redeemable, unsecured, Basel III compliant Tier 2 bonds, in the nature of debentures, aggregating to Rs 3000 crore.

Yes Bank's net profit rose 22% to Rs 1076.87 crore on 24.1% growth in total income to Rs 6492.56 crore in Q3 December 2017 over Q3 December 2016.

Yes Bank is one of the leading private sector banks in India, offering comprehensive banking and financial solutions to its customers.

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First Published: Feb 28 2018 | 11:17 AM IST

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