YES BANK Surges by 5%; BSE BANKEX Index Up 1.2%
August 14, 2019 01:42 PM

YES BANK share price has zoomed 5% and is presently trading at Rs 78.

Meanwhile, the BSE BANKEX Index is at 31,748 (up 1.2%).

Among the top Gainers in the BSE BANKEX Index today is YES BANK (up 5.0%).

CITY UNION BANK (down 0.9%) and KOTAK MAHINDRA BANK (down 1.2%) are among the top losers today.

Over the last one year, YES BANK has moved down from Rs 371 to Rs 78, registering a loss of Rs 293 (down 79.2%).

On the other hand, the BSE BANKEX has moved up from 31,368 to 31,748, registering a gain of 380 points (up 1.1%) during the last 12 months.

The top gainers among the BSE BANKEX Index stocks during this same period were ICICI BANK (up 29.1%), KOTAK MAHINDRA BANK (up 16.0%) and AXIS BANK (up 10.0%).

What About the Benchmark Indices?

The BSE Sensex is at 37,409 (up 1.2%).

The top gainers among the BSE Sensex stocks today are TATA STEEL (up 5.7%), YES BANK (up 5.0%) and VEDANTA LTD (up 4.8%). Other gainers include HERO MOTOCORP (up 2.9%) and BHARTI AIRTEL (up 2.8%). The most traded stocks in the BSE Sensex are YES BANK and TATA STEEL.

In the meantime, NSE Nifty is at 11,069 (up 1.3%). TATA STEEL (up 6.0%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 37,645 to 37,409, registering a gain of -236 points (up -0.7%).

YES BANK Financial Update...

YES BANK net profit down at Rs 1 billion for the quarter ended June 2019, compared to a loss of Rs 10 billion a year ago. Operating income declined 1.8% to Rs 78.2 billion during the period as against Rs 79.6 billion in April-June 2018.

For the year ended March 2019, YES BANK reported 59.6% decrease in net profit to Rs 17.1 billion compared to net profit of Rs 42.3 billion during FY18.

Revenue of the company grew 46.2% to Rs 296 billion during FY19.

The current Price to earnings ratio of YES BANK, based on rolling 12 month earnings, stands at 6.2x.