YES BANK Surges by 10%; BSE BANKEX Index Down 1.6%
March 17, 2020 09:26 AM

YES BANK share price has zoomed 10% and is presently trading at Rs 41.

Meanwhile, the BSE BANKEX Index is at 26,869 (down 1.6%).

Among the top Gainers in the BSE BANKEX Index today is YES BANK (up 10.0%).

CITY UNION BANK (down 0.1%) and AXIS BANK (down 0.1%) are among the top losers today.

Over the last one year, YES BANK has moved down from Rs 246 to Rs 41, registering a loss of Rs 205 (down 83.4%).

On the other hand, the BSE BANKEX has moved down from 33,205 to 26,869, loss of 6,336 points (down 21.6%) during the last 12 months.

The top gainers among the BSE BANKEX Index stocks during this same period were KOTAK MAHINDRA BANK (up 1.3%).

What About the Benchmark Indices?

The BSE Sensex is at 31,832 (down 0.9%).

The top gainers among the BSE Sensex stocks today are TATA STEEL (up 4.0%), SUN PHARMA (up 2.2%) and MARUTI SUZUKI (up 2.2%). Other gainers include HCL TECHNOLOGIES (up 1.7%) and ONGC (up 1.7%). The most traded stocks in the BSE Sensex are ONGC and SBI.

In the meantime, NSE Nifty is at 9,315 (down 1.6%). The top gainers in the NSE Nifty include YES BANK (up 10.0%), TATA STEEL (up 2.5%) and EICHER MOTOR (up 1.7%). Other gainers include ADANI PORTS & SEZ (up 1.6%) and JSW STEEL (up 1.5%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,095 to 31,832, registering a loss of 6,263 points (down 18.31%).

YES BANK Financial Update...

YES BANK net profit down at Rs 186 billion for the quarter ended December 2019, compared to a loss of Rs 10 billion a year ago. Operating income declined 29.1% to Rs 56.4 billion during the period as against Rs 79.6 billion in October-December 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 down 0.1x.