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Yes Bank tumbles after bulk deal

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Capital Market

Yes Bank lost 7.9% to Rs 235.50 at 11:25 IST on BSE, after a bulk deal was executed on the scrip on Wednesday, 21 August 2013.

Meanwhile, the S&P BSE Sensex was down 63.24 points or 0.35% at 17,842.67

On BSE, 18.57 lakh shares were traded in the counter as against an average daily volume of 9.94 lakh shares in the past one quarter.

The stock hit a high of Rs 252.90 and low of Rs 234.15 so far during the day. The stock had hit a 52-week low of Rs 220.20 on Tuesday, 20 August 2013. The stock had hit a record high of Rs 547.15 on 20 May 2013.

 

The stock had underperformed the market over the past one month till 21 August 2013, falling 39.83% compared with the Sensex's 11.14% decline. The scrip had also underperformed the market in past one quarter, sliding 50.41% as against Sensex's 10.97% fall.

The mid-cap private sector bank has equity capital of Rs 360.39 crore. Face value per share is Rs 10.

Foreign fund T Rowe Price New Asia Fund sold 31.24 lakh shares or 0.87% stake of Yes Bank at Rs 260.86 per share in a bulk deal on the NSE on Wednesday, 21 August 2013. Goldman Sachs Singapore Pte was the buyer in the bulk deal to the tune of 18.62 lakh shares or 0.52% stake at Rs 252.36 per share.

T Rowe Price New Asia Fund owned 56.24 lakh shares or 1.56% stake in Yes Bank as on 30 June 2013.

Yes Bank had announced hike in its base rate by 0.25% to 10.75% effective 1 August 2013.

Yes Bank's net profit surged 38.2% to Rs 400.84 crore on 30.6% growth in total income to Rs 2839.97 crore in Q1 June 2013 over Q1 June 2012.

Yes Bank is one of the leading private sector banks in India. It added 45 branches during Q1 June 2013, taking the total branch count to 475 as on 30 June 2013. The bank added 100 ATMs during the quarter, taking the total count to 1,051 ATMs as at 30 June 2013.

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First Published: Aug 22 2013 | 11:30 AM IST

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