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Yes Bank has long been the subject of extensive stock market debriefing. This article offers a deep analysis of Yes Bank's share price, which includes the company's historical performance, future targets, trading information on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), and technical analysis.
The bank's finance has always been dramatic as Yes Bank was founded in 2004. The company's share was hard to keep an eye on as the bank grew too quickly, so it was thrown through the ringer with a crisis and has been working ever since to regain its position in the market.
The first 14 years of its life the bank had very fast-growing customer numbers, reaching a great mix of corporate, SME, and retail clients via sustainable strategies. Yes bank lived its glory days back in 2018, its peak value was ₹404 a share by the NSE in some period of August. In the process, the financial institution reached a point where the loan book grew very fast, and the market was optimistic about it. This growth, however, was not sustainable.
The bank faced tough times at the end of 2018 and the major part of 2019, when things took a very harsh trajectory. It was concerned with the bank's asset quality, governance issues, and the resignation of key executives. The lack of investor confidence led to a serious downfall in share price, with over 90% of its value being wiped out in just several months.
In March 2020, Yes Bank's operations were stabilized due to the RBI imposed moratorium and a restructuring scheme was announced. Along with the new capital that was provided by a consortium of banks led by SBI, RBI assistance played a crucial role in this regard. And so, the depository financial institution has been balancing between a reopening increase in stock prices alongside persisting very high volatility levels having still made substantial advancement in the recovery process.
Whereas some analysts' foresee Yes Bank's share price hitting the bottom, the others fear that the situation will stabilize or the bank will even manage to recover. In addition, the very illustrative table of the long-term forecast concerning the Yes Bank share price only goes to emphasize the discrepancy in the predictions of the stock analysts.
The price chart that Yes Bank is using reveals information about the stock of the company in terms of its performance qualifications and the buying and selling conditions that the stock has displayed.
The 50-day and 200-day moving averages are the two most commonly used methods to figure out the Yes Bank stock charts. As on October 25, 2024, the 50-day moving average is ₹22.70 and the 200-day moving average is ₹24.06.
The RSI is a technical indicator that can help traders determine whether an asset is overbought or oversold. A reading above 70 rather shows that there is an overbought condition while a reading below 30 suggests an oversold scenario.
These bands show volatility periods as well as record price reversals. In the case of the traders, movement outside the band is the first signal of trend change.
As of October 26, 2024, the key support and resistance levels for Yes Bank are:
Resistance levels: R1 at ₹21.34, R2 at ₹21.55, and R3 at ₹21.93
Support levels: S1 at ₹20.75, S2 at ₹20.37, and S3 at ₹20.162
Yes Bank is a stock that is in the National Stock Exchange (NSE) under the ticker YESBANK. The Yes Bank tends to have higher trading volumes on the NSE in comparison to the BSE. The following are the significant details of YES BANK:
Symbol: YESBANK
Series: EQ
ISIN: INE528G01035
As of October 25, 2024, the latest information available shows:
Current price: ₹19.38
Day's range: ₹19.25 - ₹20.12
52-week range: ₹15.85 - ₹32.85
Market Cap: ₹607,502,922,000
Volume: 97,842,592 shares
Yes Bank shares are the stock code 532648 of the Bombay Stock Exchange. Namely, the BSE provides a lower trading volume for Yes Bank shares as compared to the NSE yet it is a significant platform for the stock market. Here are some of the key BSE trading data:
Scrip Code: 532648
Scrip ID: YESBANK
Group: A
Industry: Banks - Private Sector
There is a mechanism that allows the stock exchanges to sync in real-time. The trading data on BSE is almost identical to that of NSE with only minimal differences due to timing and liquidity issues.
Yes Bank's shares are affected by various factors in different ways:
The bank's quarterly and annual financial results, including metrics like net sales, net interest income, and asset quality, have a substantial impact on the sentiment of the shares of the institution. Presently, Yes Bank's chief financial indicators are summarized as follows:
EPS (TTM): ₹0.49
P/E Ratio: 39.55
Book Value: ₹14.56
ROE: 3.09%
ROCE: 6.18%12
It is safe to say that Yes Bank's progress in improving the quality of assets is a key to its success. Due to the bank selling J.C. Flower's ARC, its gross NPA ratio has decreased from 16-17% to 1.7%.
Because of the history of Yes Bank, any regulatory communication or action of the RBI or other authorities can lead to big price fluctuations. Investors are very attentive to the bank's following the regulations, in particular, the capital adequacy ratios.
Top-tier executives of a company resign or are promoted, then share prices usually come under pressure. The current Managing Director, Mr. Prashant Kumar, has been part of this bank's progress towards rehabilitation.
The bank's stock price may fall or rise in tandem with other banking stocks if the RBI takes decision to increase or decrease the interest rate or improve the economy in general.
Changes in the shareholding pattern and the participation of institutions in buying or selling activities are usually closely followed by market participants. This body of foreign portfolio investors (FPIs) or, for example, majority or minority shareholders, only can set off Yes Bank's stock price.
The bank's rock-solid course of its stock prices depicts the course of the bank's journey of convulsive history and present need for its stability and growth. Despite the fact that, the stock has been making advances since its 2020 lows, it is still facing problems and it is unpredictable because of its high-risk nature.
Typically, the future of Yes Bank's stock will be hinged on the asset quality, business development of growth, and the successful handling of the regulatory framework in the Indian banking sector. As the bank moves through its reorganization and recovery process, its stock price will be the key factor showing investors' trust and perceived value on the market. Investors and traders who plan to invest in Yes Bank should be well-informed, consider their risk tolerance, and stay up to date with the newest news about the trading house and the immediate banking sector. Just like other investments, a financial advisor's advice is important while making intelligent investments.
