Today's stock market: The price of Yes Bank shares opened higher today and reached an intraday high of ₹20.19 each on the NSE.
Today's stock market: Yes Bank shares saw some buying interest during Friday's early morning trading after the company released a strong business report for the October to December 2024 quarter. The price of Yes Bank shares rose more than 2% during the morning session, opening with an upward gap and reaching an intraday high of ₹20.19 per share on the NSE. Only a few minutes before Friday's opening bell, Yes Bank announced the Q3 business report for the current fiscal year.Yes Bank shares are up today, according to stock market analysts, after the private lender released a favorable business outlook for the October–December 2024 quarter on Thursday. As a result, there is now demand in purchasing Yes Bank stock. According to them, the technical chart indicates that Yes Bank's share price is on the rise and might soon reach ₹22 and ₹24 each. However, before entering into any position in Yes Bank shares, they recommended a strict stop loss at ₹19.
Why is the share price of Yes Bank so high?
"Yes Bank's share price is rising today as the private lender has reported a positive business update for the Q3FY25," explained Anshul Jain, Head of Research at Lakshmishree Investment and Securities, in response to a question about the cause of the price increase.
Yes Bank's target share price
"Yes Bank shares are looking positive on the technical chart pattern," stated Sumeet Bagadia, Executive Director at Choice Broking, in reference to the stock's prognosis. The stock has a challenge at ₹22, although it has a solid basis around ₹19. Yes Bank's stock price could soon reach the ₹24 per share mark if it closes above ₹22. With a stop loss at ₹19, shareholders of Yes Bank may hold the shares for short-term targets of ₹22 and ₹24.
Sumeet Bagadia gave the following advice to new investors about Yes Bank shares: "New investors can start buying Yes Bank shares in bulk for the short-term goals of ₹22 and ₹24. But when they start a new trade in the scrip, they have to keep their stop loss at ₹19.
Yes Bank's business update for Q3FY25
Yes Bank provided the Indian exchanges with its business update for the third quarter of the current fiscal year only minutes before the Opening Bell of the Indian stock market on Friday.
Yes Bank reported loans and advances of ₹2,45,035 crore in Q3FY25, which is a 4.20 percent Q-o-Q increase over loans and advances of ₹2,35,117 crore and a 12.60 percent YoY increase over ₹2,17,523 crore.
Deposits at Yes Bank were ₹2,77,199 crore in Q3FY25, which was 14.60 percent more than the ₹2,41,831 crore recorded in Q3FY24.
Disclaimer: Mint does not endorse the opinions or suggestions expressed here; rather, they are the opinions of individual analysts or broking firms. Before making any financial decisions, we encourage investors to consult with qualified professionals.
"Yes Bank shares are looking positive on the technical chart pattern," stated Sumeet Bagadia, Executive Director at Choice Broking, in reference to the stock's prognosis. The stock has a challenge at ₹22, although it has a solid basis around ₹19. Yes Bank's stock price could soon reach the ₹24 per share mark if it closes above ₹22. With a stop loss at ₹19, shareholders of Yes Bank may hold the shares for short-term targets of ₹22 and ₹24.
Sumeet Bagadia gave the following advice to new investors about Yes Bank shares: "New investors can start buying Yes Bank shares in bulk for the short-term goals of ₹22 and ₹24. But when they start a new trade in the scrip, they have to keep their stop loss at ₹19.
Yes Bank's business update for Q3FY25
Yes Bank provided the Indian exchanges with its business update for the third quarter of the current fiscal year only minutes before the Opening Bell of the Indian stock market on Friday.
Yes Bank reported loans and advances of ₹2,45,035 crore in Q3FY25, which is a 4.20 percent Q-o-Q increase over loans and advances of ₹2,35,117 crore and a 12.60 percent YoY increase over ₹2,17,523 crore.
Deposits at Yes Bank were ₹2,77,199 crore in Q3FY25, which was 14.60 percent more than the ₹2,41,831 crore recorded in Q3FY24.
Disclaimer: Mint does not endorse the opinions or suggestions expressed here; rather, they are the opinions of individual analysts or broking firms. Before making any financial decisions, we encourage investors to consult with qualified professionals.
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