YES Bank Share Price: On Wednesday, August 2, the share price of YES Bank closed at INR 17.05 with a marginal decline of 0.29%. The high for the day was INR 17.30, while the low was INR 17.05. The stock’s 52-week high stands at INR 24.75, and it is currently trading approximately 31% lower than this level. Meanwhile, its 52-week low is INR 14.40. The market capitalization of YES Bank is INR 48,913 crore. The decline in YES Bank’s shares occurred on a day when both Sensex and Nifty closed with a drop of around 1%.
Over the past month, YES Bank shares have shown a growth of 4.28%. Additionally, over the last 6 months, the stock’s price has increased by approximately 3.65%. However, based on the current trendline data, analysts have set an average target price of INR 14 for YES Bank shares, indicating a potential decline of around 17% from the current market price.
In the June quarter, YES Bank’s net profit saw a yearly increase of 10.3% on an annual basis and 69.2% on a quarterly basis, reaching INR 343 crore. The bank’s Net Interest Income (NII) also grew by 8.1% on an annual basis, reaching INR 2,000 crore. Furthermore, the bank’s asset quality improved in the June quarter.
However, according to ICICI Securities, the bank’s performance was weak in the June quarter due to slow business growth, a decline in Net Interest Margin (NIM) on a quarterly basis, a rise in slip-ups/net NPA, and a reduction in Provision Coverage Ratio (PCR). In the June quarter, the bank reported a net profit of INR 342.5 crore, resulting in an annualized RoA of only 0.4%.
Brokers estimate that the bank’s Return on Assets (RoA) may reach 0.7% by the financial year 2025. Consequently, there have been no changes in the target price of INR 14, but the rating has been downgraded from ‘Buy’ to ‘Sell.’
